What Is a Controller?

A controller is an individual who has A controller typically reports to a firm's chief financial officer (CFO), although these two overseeing financial reporting and performing essential duties relating to payroll.

The controller prepares includes the collection, analysis, and consolidation of financial data. Although the controller summarizes trends and investigates budget deficiencies. The controller reports or expenditure variances to management.

Understanding the Work of Controllers

Controller functions vary across companies variation of the controller position is called a comptroller. A comptroller is typically a more demand more versatility of the controller, while larger companies are able to disperse the following job responsibilities the chief financial officer and treasurer.

The controller of an organization may partake requires appraising job results, leading employees and performing disciplinary maintains educational levels by pursuing continuing professional education through seminars, webinars, or training opportunities.

In terms of job opportunities, the Bureau of Labor faster than average."

Key Takeaways

  • A controller acts as an overseer of a health.
  • Depending on the the financial department.
  • Controllers are not only responsible for calculating the bottom line but for meeting tax, permit, and licensing requirements.

Requirements for Controllers

When recruiting for a controller position, companies often business administration is often required while holding a master’s degree is not required but preferred. Professional certificates, including the certified public accountant license, may not be required but are typically preferred.

Special Considerations

The controller works with external auditors control over financial reporting. Controllers of publicly traded companies are often delegated the task of public financial filings.

The controller of a business monitors future duty includes monitoring for future risk and ensuring proper permits, licenses, or operating requirements are met controller may be assigned tax preparation duties, including filings for state taxes, federal taxes, or industry taxes.