The Controller’s Function: The Work of the Managerial Accountant

This book provides an overview of the functions and responsibilities of the controller/management accountant in a corporation. A controller is the chief accounting executive of a corporation whose chief responsibilities include: (1) planning and control (i.e., budgeting), (2) financial reporting and interpreting, (3) tax administration, (4) management audits and development of accounting systems, and (5) internal/IT audits.

Topics covered in this book include:

• Job description for all positions reporting to the controller.
• Flex budgeting.
• Discussion of sales bottlenecks.
• Role of throughput in determining appropriate overhead levels.
• Throughput analysis for capital investments.
• Discussion of the fast close for public companies.
• Discussion of cost reduction and analysis.
• Cost Accounting.
• Accounting for acquisitions.