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

Ask an Expert

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

Write your message here..

Related Questions

Dividends paper, one page paper reviewing "the Morgan Stanley Oil and Gas R... one page paper reviewing "the Morgan Stanley Oil and Gas Report"

Define the types of shareholder, Tactics can be used by company to protect... Tactics can be used by company to protect itself. Before the bid Types of Shareholder Having the right shareholders on board who can be

International bonds, International bonds are the bonds issued in a country ... International bonds are the bonds issued in a country by a non-domestic entity. In fact, it is a collective term used for Eurobonds, foreign bonds and global bonds.

Long term investement and financial decisions, you would like to purchase a... you would like to purchase a new car in 3 years.The current value of the vehicle you would like to purchseis 100000.The manufacturer of the vehicle has advised you,that the cost of

What is disadvantages of irr method, Q. What is Disadvantages of IRR Method... Q. What is Disadvantages of IRR Method ? Disadvantages of IRR Method:- (i) Computation of IRR involves tedious calculations. (ii) Occasionally this method produces more t

Determine about the strategic benchmarking, Determine about the Strategic B... Determine about the Strategic Benchmarking Comparison in terms of an organisations 'strategic choices' made to the most successful market leader for example review organisat

Analysis of company position, Analysis of Company Position Associated ... Analysis of Company Position Associated International Supplies Ltd Circulation: Associated International Supplies Ltd (AIS Ltd.) Author: A. Consultant, AXY Consultin

State the concept of overtrading, State the concept of Overtrading Over... State the concept of Overtrading Overtrading can result in insolvency which means companies have severe cash flow problems. This means that a thriving company, which may look v

Assets, Assets Pension insurance companies' assets can be divided into ... Assets Pension insurance companies' assets can be divided into five main investment classes: cash, long-term bonds, stocks, property and loans. The total returns on the assets

Show internal business risk, Internal business risk associated with the ope... Internal business risk associated with the operational efficiency of the firm. The operational efficiency differs from company to company. The efficiency of operation is reflected