Describe the functions of controller, Financial Management

Q. Describe the Functions of Controller?

(1) Planning and budgeting: - It comprises capital expenditure planning, profit planning, budgeting, inventory control, sales forecasting etc.

(2) Financial Accounting: - He establishes a appropriate system of accounting controls it and prepares financial statements such as profit and Loss Account and Balance Sheet etc.

(3) Cost Accounting: - He set up a cost accounting system appropriate to the business and controls it.

(4) Data Processing: - It comprises the collection and analysis of business data.

(5) Internal Auditing: - He manages internal audit as well as internal control.

(6) Annual Reports: - He prepares annual reports as well as various other reports needed by the top management.

(7) Information to Government: - He organizes annual reports to be submitted to the Government under various laws.

Posted Date: 8/3/2013 3:38:24 AM | Location : United States

Related Discussions:- Describe the functions of controller, Assignment Help, Ask Question on Describe the functions of controller, Get Answer, Expert's Help, Describe the functions of controller Discussions

Write discussion on Describe the functions of controller
Your posts are moderated
Related Questions
Question 1 Describe the importance of commodity finance and sensitive commodities Question 2 Securities purchased by a bank for investment purposes are referred to as seconda

How Howan acquisition should be implemented 1. Directors of the target company must be approached first and a firm offer of a price made on condition that all due diligence wor

Question 1 Under a hire purchase deal structured by X Finance Ltd. for Y Corporation, the finance company has offered to finance the purchase of equipment that costs Rs. 200 la

Bond indexation serves the purpose of replicating the performance of a predetermined benchmark as closely as possible. These benchmarks are generally very broader

What is the financial leverage effect and what causes it?  What are the potential benefits and negative consequences of high financial leverage? Financial leverage is the extra

Q. Financial Management in Marketing Department? The marketing department of a firm is concerned with the ultimate activity of the firm Le. the selling of goods and services to

Does high operating leverage always mean high business risk?  Explain. High operating leverage doesn't always mean high business risk.  If the company's sales are quite steady

The US Pension Fund System The US corporate pension system has matured along with the country's demographic cycle. It consists of both defined benefit plans and defined contrib

should a company pursue price hike or focus on increased sales

answers for the personal finance literacy 2nd edition workbook answers chapter 9(obtaining and protecting your credit)