Ever wonder what it would be like to take on the controller’s role at your company? Or does your company need to design a controllership position? This is a specialized role and should be carefully crafted to fit the company’s needs. In addition, candidates should be groomed specifically to assume this role. Join us for a thorough examination of the roles and responsibilities of the controller in today’s environment and learn what it takes to be successful at this level of the organization.
In this course you will learn what it takes to become a successful Controller. Join Miles Hutchinson, CGMA, as he identifies the primary functions and responsibilities of the Controller and how your role will change as you move into this position. Identify the key skills and traits that will prepare you to succeed and excel in this challenging and exciting role. Learn to communicate effectively with other members of senior leadership so they will count you an important financial advisor in their business decisions.
Publication Date: May 2021
Designed For
Accounting Managers, Controllers and those who aspire to become the Corporate Controller.
Topics Covered
- Technical tools — Forecasting, Reporting, Analytics
- Managing the budgeting process — Discover best practices for working with departmental and business unit leadership to develop believable and achievable operational and capital expenditure plans
- Preparing believable forecasts — Receive a checklist of best practices in financial modeling; Introduction to Excel's best sensitivity tools
- Performing effective financial analysis — Test drive an Excel model containing horizontal, vertical and ratio analysis of the Income Statement, Balance Sheet, and Cash Flow Statement
- Managing regulatory audits — Being supportive while appropriately managing regulator's access to information
- Managing financial audits — How your approach must differ from regulatory audits
Learning Objectives
- Recognize your planning, accounting, reporting and forecasting roles
- Recognize systems design, selection, and implementation
- Identify the range of reporting opportunities afforded the Controller
- Recognize your basket of tax reporting responsibilities
- Describe key forecasting guidelines
- Recognize a recommended approach to regulatory audits
- Identify your role as financial auditor liaison
- Describe forecasts
- Recognize how to handle difficult reports with readers
- Identify which Publication you can use to find information on worker classification
- Describe sales tax
- Recognize true statements regarding audit findings during a regulatory audit
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Business Management & Organization (2 hours)
Program Prerequisites
Experience as an accounting manager or controller.
Advance Preparation
None
Instructor
Miles Hutchinson
Miles Hutchinson is a CGMA and experienced businessman with over 40 years in the field. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 2,500 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll and sales & use tax as well as financial modeling & analysis, business strategy and communications. He is the author of several useful accounting and tax tools.
His clients include, Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army. Please visit his web sites to see how you can further benefit from his expertise.