When considering the controller job description, it is crucial to grasp the accounting function's role within the organization. Previously, this involved a simple process in which clerical staff processed transactions to support business operations. However, managing a larger clerical staff required a small team of individuals trained in transaction processing techniques. This often resulted in an introverted controller relying heavily on calculators.
The role of the accounting function has experienced significant changes in recent decades due to technological advancements, increased competition, and evolving management theories. These changes have resulted in a considerably different accounting function. Nowadays, the accounting function encompasses various additional tasks and can even involve internal auditing and computer services functions for smaller organizations. The section also explains how this functional ar
...ea integrates into and meets the requirements of the company as a whole, as well as the role of the controller within the accounting function.
In summary, this chapter delves into the impact of ethics on the behavior of accounting employees and how it influences the perceptions of the accounting staff and controller regarding their roles in the organization. It covers the broader aspects of the accounting function and the controller's role in a contemporary company, encompassing not just transaction processing as was traditionally expected, but also the provision of supplementary services.
Traditionally, the accounting department has been responsible for managing most of a company's transactions. These transactions include billing customers, processing supplier invoices, and keeping track of cash, inventory, and fixed assets. Furthermore, the accounting team is tasked with continuously monitoring debt levels.
- Accounts Receivable essays
- Auditor's Report essays
- Balance Sheet essays
- Costs essays
- Financial Audit essays
- International Financial Reporting Standards essays
- Tax essays
- Accountability essays
- Cash essays
- Principal essays
- Management Accounting essays
- Internal Control essays
- Accounting Software essays
- Cash Flow essays
- Accounting essays
- Andrew Carnegie essays
- Automation essays
- Business Cycle essays
- Business Intelligence essays
- Business Model essays
- Business Operations essays
- Business Software essays
- Cooperation essays
- Cooperative essays
- Corporate Social Responsibility essays
- Corporation essays
- Customer Relationship Management essays
- Family Business essays
- Franchising essays
- Harvard Business School essays
- Harvard university essays
- Human Resource Management essays
- Infrastructure essays
- Inventory essays
- Logistics essays
- Management essays
- Manufacturing essays
- Market essays
- Marketing essays
- Multinational Corporation essays
- News Media essays
- Online Shopping essays
- Quality Assurance essays
- Richard Branson essays
- Sales essays
- Selling essays
- Shopping Mall essays
- Small Business essays
- Starting a Business essays
- Stock essays
