Controllership: The Work of the Managerial Accountant

Today′s controllers are no longer seen as technicians who process transactions; they are now seen as business executives with a wide–ranging knowledge of total business operations, best practices, and corporate strategy. Providing a comprehensive overview of the roles and responsibilities of controllers in today′s environment, this Eighth Edition of Controllership continues to provide controllers and vice presidents of finance with all aspects of management accounting from the controller′s perspective, including internal control, profit planning, cost control, inventory, and financial disclosure.

Spis treści:
About the Author.
Preface.
Part One: The Broad Management Aspects Of Controllership.
1. Accounting in the Corporation.
2. Controller′s Responsibilities.
3. Cost Accounting and Costing Systems.
4. Ratio and Trend Analysis.
5. Internal Control Systems.
6. Internal Audit Function.
7. Recruiting, Training, and Supervision.
8. Controller′s Role in Investor Relations.
Part Two: The Planning Function Of Controllership
9. Business Plans and Planning: Interrelationship of Plans, Strategic Planning.
10. Financial Impact of the Strategic Plan: Long–Range Financial Plan.
11. Profit Planning: Annual Plan.
12. Profit Planning: Supporting Financial Analysis for the Annual Plan.
13. Taxation Planning.
Part Three: Planning And Controlling Operations.
14. General Discussion of Standards.
15. Planning and Control of Sales.
16. Planning and Control of Marketing Expenses.
17. Planning and Control of Manufacturing Costs: Direct Material and Direct Labor.
18. Planning and Control of Manufacturing Costs: Manufacturing Expenses.
19. Planning and Control of Research and Development Expenses.
20. Financial Planning and Control in a Service Company.
21. Planning and Control of General and Administrative Expenses.
22. Pay roll.
Part Four: Planning And Control Of The Balance Sheet.
23. Planning and Control of Cash and Short–Term Investments.
24. Planning and Control of Customer Credit and Receivables.
25. Planning and Control of Inventories.
26. Accounting and Reporting for Selected Investments and Employee Benefit Plans.
27. Planning and Control of Plant and Equipment or Capital Assets.
28: Management of Liabilities.
29. Management of Shareholders′ Equity.
Part Five: Financial And Related Reports.
30. Internal Management Reports.
31. External Reporting.
Part Six: Some Administrative And Special Aspects Of The Controller′s Department.
32. Mergers and Acquisitions.
33. The Reporting Period and How to Close It.
34. Inventory Tracking.
35. Tax Records and Procedures.
Index.