Controllership The Work of the Managerial Accountant

by Bragg, Steven M.

• ISBN13: 9780470481981
• ISBN10: 0470481986
• Edition: 8th
• Format: Hardcover
• Copyright: 2009-08-24
• Publisher: Wiley

Summary

TodayÃÆ’Â-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 todayÃÆ’Â-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 reporting.

Author Biography

Steven M. Bragg, CPA, CMA, CIA, CPIM, (Centennial, CO) has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte. He is the author of over 25 books primarily targeted toward controllers and their needs. Bragg received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine.

Table of Contents

About the Author

Preface

The Broad Management Aspects Of Controllership

Accounting in the Corporation

Controller's Responsibilities

Cost Accounting and Costing Systems

Ratio and Trend Analysis

Internal Control Systems

Internal Audit Function

Recruiting, Training, and Supervision

Controller's Role in Investor Relations

The Planning Function Of Controllership

Business Plans and Planning: Interrelationship of Plans, Strategic Planning

Financial Impact of the Strategic Plan: Long-Range Financial Plan

Profit Planning: Annual Plan

Profit Planning: Supporting Financial Analysis for the Annual Plan

Taxation Planning

Planning And Controlling Operations

General Discussion of Standards

Planning and Control of Sales

Planning and Control of Marketing Expenses

Planning and Control of Manufacturing Costs: Direct Material and Direct Labor

Planning and Control of Manufacturing Costs: Manufacturing Expenses

Planning and Control of Research and Development Expenses

Financial Planning and Control in a Service Company

Planning and Control of General and Administrative Expenses

Payroll

Planning And Control Of The Balance Sheet

Planning and Control of Cash and Short-Term Investments

Planning and Control of Customer Credit and Receivables

Planning and Control of Inventories

Accounting and Reporting for Selected Investments and Employee Benefit Plans

Planning and Control of Plant and Equipment or Capital Assets

Management of Liabilities

Management of Shareholders' Equity

Financial And Related Reports

Internal Management Reports

External Reporting

Some Administrative And Special Aspects Of The Controller's Department

Mergers and Acquisitions

The Reporting Period and How to Close It

Inventory Tracking

Tax Records and Procedures

Index

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