Corporate Controller in Today's Environment: Part 2

Author: Miles Hutchinson

Keeping the books, managing the accounting department, assisting with issues of middle and senior management, communicating with staff, auditors, regulators and investors - how do you keep it all together? Spend just two hours and learn how to balance your role as historian, manager and communicator.

In this two hour on-demand course, veteran Controller, Treasurer and CFO Miles Hutchinson, CGMA covers the core competencies of the Controller's role in this fast paced and constantly changing environment.

Publication Date: February 2018

Designed For
Accounting Managers, Controllers and those who aspire to become the Corporate Controller.

Topics Covered

• The diverse roles of Corporate Controllers
• Characteristics of the Controller Vs. the CFO Vs. the Treasurer, and what if there is no CFO or Treasurer
• Roles and responsibilities, build your organizational plan and promote it
• Core competencies of the successful controller — "What brought you here won't keep you here"
• Core communication tools- understanding yourself and others is the key
• Strategic Vs Controlling — which approach do you take? When & how often?
• Dashboard Reporting — where to find the tools
• Dealing with Auditors — identify the different approaches to use with Regulatory Vs. Financial Auditors

Learning Objectives

• Identify, define and clarify the roles you accept as the Corporate Controller
• Identify and set reasonable boundaries for what you can accomplish and work within those constraints
• Recognize when to outsource the work
• Describe how to become a better communicator and strategist with leadership, employees, customers, vendors, lenders and investors
• Differentiate obstacles an organization faces when acquiring a new business system
• Recognize key performance indicators (KPIs) and what they allow an organization to do
• Identify starting points for preparing proforma financial statements
• Recognize what to avoid when designing a forecasting model
• Describe what the controller is required to do with regards to regulatory audits
• Identify why it's important to be as forthcoming as possible with financial auditors outside an organization
• Recognize steps toward choosing a new business system
• Identify what should be avoided when preparing financial reports for presentation
• Describe a purpose of the documentation tab in a forecast model
• Recognize when forecasting should be used when dealing with the inconsistent timing of cash flows
• Differentiate which aspect of implementing a new business system does the DiSC model came into play
• Recognize a challenge inherent to outsourcing a service as opposed to performing the service in-house
• Identify what dashboard reporting typically involves
• Describe the weighted average cost of capital (WACC) is the hurdle rate
• Recognize which type of knowledge regulatory compliance for sales and use tax requires
• Differentiate functions of a controller

Level
Intermediate

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