A Controller's Responsibilities in an Organization
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What are main responsibilities of controllers? Please describe 5 and explain.
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This solution explains the main responsibilities of a controller.
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The controller has many responsibilities, and his/her responsibilities are also dependent upon the structure of the organization. In most companies, the controller has the following five main responsibilities:
1. Accounting -- The controller's primary duty is based upon accounting. He/she oversees all functions related to the cash coming into the organization, and the cash being paid out. The controller is involved in all major purchases, including capital and non-capital asset acquisitions. The controller also generally controls the bank account.
2. Internal Controls -- This is ...
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