Becoming a Contract Controller

Contents

Chapter 1: Controller Responsibilities

Introduction

The Controller Position

Avoid the Controller’s Vacuum

The Role of the Controller

Major Roles of a High Road Controller

The Controller’s Major Responsibilities

Conclusion

Chapter 2: CFO Responsibilities

Introduction

Attributes of the CFO

Teaching and Training

Counseling

Guiding

Learning

Sharing

Questioning

Relating

Listening

Intuitiveness

Creativity

How the CFO and Controller’s Roles Differ

Responsibility Comparison

Functional Role Comparison

CFO Tool: Calculating the Economic Value Added

Economic Value Added Defined

Conclusion

Chapter 3: What Is the Contract Controller’s Job About?

Introduction

Main Difference in Expectation of the Roles

The Controller Job Description

The Point of this Exercise

Actual Job Description #1

Actual Job Description #2

Actual Job Description #3

The Chief Financial Officer Job Description

General Definition

Essential Duties and Responsibilities

Required Knowledge, Skills, and Abilities

Education and Experience

The Need for a Contract Controller or CFO

Most Common Reasons a Company Employs a Contract Financial Executive

The Role of the Contract Controller

Positional Power

Valuing and Choosing the Appropriate Role for You

Varying Roles of the Hired Gun

Conclusion

Chapter 4: Attitudes for Success

Introduction

What Mindset Does the Contract Controller Need?

Contractor’s Mindset

1. You Control Your Own Destiny

2. You Are Your Boss and Employer

The Attitude of Teflon-Coated Toughness

Reasons for This ...