Controllership: The Work of the Managerial Accountant

This book will provide a complete overview of the functions and responsibilities of the controller and management accountant's function in a corporation. It will cover all aspects of management accounting from the controller's perspective including internal control, profit planning, cost control, inventory, and reporting.

This fifth edition will be a detailed and comprehensive guide to the methods for developing and disseminating the documentation process that is vital for today's accountants. Step-by-step instructions on how to prepare pertinent and accurate internal accounting manuals, which formats to use, and how to update and maintain information are also provided.

The complete guide for today’s controller

The controller–the chief accounting executive of a corporation–has several primary responsibilities. These include planning and control (i.e., budgeting), financial reporting and interpreting, tax administration, management-level audits and accounting system development, and overseeing internal and EDP audits. Controllership, Seventh Edition provides a complete overview of all the management-level accountant’s functions in a corporation.

The Seventh Edition features new and revised chapters on e-business, inventory valuation, accounting best practices, business planning, strategic planning, and tax planning. All technology chapters have been brought up to date as well.

Instead of providing a tedious catalog of government and regulatory standards, Controllership, Seventh Edition emphasizes how to meet job requirements. The focus remains on what role the controller should play in the company, with discussion outlining major accounting processes, financial tools, and pertinent tax issues. The information is geared to the goal of helping controllers or other accounting-trained financial executives use their technical expertise to lead the growth and development of a business on a sound financial basis. Like earlier editions, the Seventh Edition provides the intellectual tools needed for the controller to evolve from a financial fact recorder to a strategic analyst involved in planning and control. Controllership, Seventh Edition is the most comprehensive guide to today’s profession.