Description:
Today's controllers are facing a complex and constantly changing business environment pressuring their accounting departments to provide timely, accurate and reliable information in a more efficient manner. The controller's office is increasingly viewed as a business asset. Despite the uncertainty of the future, organizations look to the controller to provide clear insights using historical and forward-looking data.

This course will present recent research relevant to today's controllers, as it describes the role of the controller in detail. He/she is at the center of the corporate universe due organizations' need to capture, manage and leverage accounting and business data to enhance their performance in a competitive market. Dramatic changes in the business environment, such as increased globalization, changes in reporting requirements, rapid technological advancement, and the long-term impact of capital expenditures, have driven businesses to reevaluate the controller's role. Most organizations now expect the controller's office to be a central resource for critical business information to help drive strategic and critical decisions from the C-suite as well as across all operations.

Delivery Method:

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 05/30/2018

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Objectives:
Chapter 1: The Changing World of Controllership
1. Identify the role of controllership
2. Differentiate between the role of a controller and CFO
3. Recognize the changing role and expectations of today's controller
4. Recognize the challenges faced by the controller
5. Identify strategies of building a highly effective accounting department

Chapter 2: Controlling and Optimizing Cash
1. Identify ways to improve cash management
2. Recognize ways to accelerate cash receipts or delay cash payments
3. Differentiate between cash forecast and cash budget
4. Identify key steps to develop a cash forecast
5. Recognize common instruments for cash investments
6. Identify key control activities for cash receipts

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NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.