The Essential Controller: An Introduction to What Every Financial Manager Must Know, Second Edition

Index

Account reconciliations, 185–186

Accounting tasks, 2–5

Accounts payable

Closing activities, 192–193

Controls, 163

Turnover, 124–125

Accounts receivable

Collections, 28

Controls, 162

Accumulated earnings tax, 255–256

Activity-based costing, 78–79, 101–103

Attainable standard, 91

Audit committee, 11, 199–203

Backlog to sales ratio, 150

Bad debt reserve, 185

Bank reconciliation, 184

Bar code scanners, 75–76

Best practices, 62–64

Bill of materials accuracy, 138–139

Billing clerk job description, 50

Billing closing activities, 191–192

Breakeven point, 118

Budgeting, 14–16

Campus recruiting, 217

Capacity analysis, 63

Cash controls, 162

Cash flow, percentage change in, 128

Cash flow

Adequacy, 130

Return on assets, 130

to sales ratio, 130

Cash method of accounting, 256–257

Cash processing, 193–194

Centralization of accounting, 189–190

Change management, 36–42

Chief accounting officer title, 14

Chief financial officer

Relations with controller, 24–26

Role in investor relations, 248–249

Role of, 32–47

Closing the books

System documentation, 181–184

Timing of, 184–187

Collection period, 133

Collections clerk job description, 50–51

Commissions, 186

Consolidation software, 194

Continuity of interest, 258

Continuous improvement, 46–47

Contract controls, 163

Control

Elimination, 164–167

Examples, 162–163

Over outsourcing, 67–68

Systems, 16

Controller

Future job changes, 26–27

Job description, 22–24

Relations with CFO, 24–26

Responsibilities, 13–29

Role in investor relations, 246–248