financial controllership lesson 1

________ is a management function that supervises the accounting and financial reporting of an organization. It is responsible in the implementation and monitoring of internal controls to ensure a smooth operation of a business. Thus, it monitors and maintains a healthy business to ensure success.

A ________ analyzes and develops timely and accurate financial information, enabling the company to deliver and improve its future overall performance. ________ are forward looking, they need to anticipate issues and act to resolve the issues. The core mission of the _______ is to provide support to managers and other employees to enable them to be efficient and effective, thus contributing to overall firm performance. In short, the _______ job is to make the company’s business objectives achievable.

CONCEPTS OF CONTROLLERSHIP Controllership as _____________. From this perspective, the purpose of controllership is to gather information, prepare it and review it to determine whether it can be used in managing a company.

CONCEPTS OF CONTROLLERSHIP Controllership as__________. This perspective takes cognizance of the importance of achieving or exceeding target or taking corrective actions if necessary and subsequent performance analysis.

CONCEPTS OF CONTROLLERSHIP Controllership as _________. This view implies aligning individual decisions with a common goal.

CONCEPTS OF CONTROLLERSHIP Controllership as__________ . This includes responsibility for information, planning, monitoring, and coordination tasks, but it expands the function of controllership to include the task of identifying, modifying and eliminating rationality deficits, for example, preventing management from making bad decisions.

ESSENTIAL ELEMENTS OF CONTROLLERSHIP ___________ includes the set of tools needed to manage product component cost, production cost, and revenue streams.

ESSENTIAL ELEMENTS OF CONTROLLERSHIP _________ and objectives for operations (including purchased raw materials and component parts).

ESSENTIAL ELEMENTS OF CONTROLLERSHIP ___________ to improve both aggregate revenue sources and per unit revenue.

ESSENTIAL ELEMENTS OF CONTROLLERSHIP __________ such as tracking structure costs, costs behaviors and revenue streams.