|
Q |
What
is a Controller and what does CFO stand for? |
| A |
A
Controller is usually the highest level “accountant” that a
company would have on staff. The Controller and his or her
staff are responsible for accounts payable and receivable, invoicing,
credit and collections, financial reporting and analysis, budgeting,
forecasting, planning, and banking. Often, the Controller is
also responsible for Information Systems and Human Resources.
CFO stands for Chief Financial Officer and is sometimes distinguished
from a Controller by the fact that a CFO also has responsibility
for corporate cash management. For many of us, the terms are
interchangeable. |
| |
|
| Q |
Why
would I need a Controller or CFO, even part-time? |
| A |
Your
Controller or CFO is responsible for asset preservation and
the overall record-keeping of your company. If you are not
receiving historical and/or forecasted financial information,
including analysis, on your business, or if what you are receiving
is incorrect, you may be lacking critical information that you
need for accurate decision making as you manage and grow your
business. |
| |
|
| Q |
What
if my books are in such a mess that I don’t know where to begin? |
| A |
You
may be surprised to know that many of our clients call just
when they’ve reached the end of their ropes, in terms of the
status of their books. Their numbers don’t mean anything because
no one’s been keeping good records. No matter what the state
of your books, and as hopeless as it may seem to you, we can
always get back to a good balance sheet, which represents the
balances in your accounts as of a specific moment in time. |
| |
|
| Q |
I
want to learn more about the financial side of my business,
but I’m tired of the seminars that are available. They don’t
really help me understand MY books and data. |
| A |
One
of the attractions of our one-day financial statement training
is that attendees are encouraged to bring their own data to
use with the in-class analytical exercises. Small class size
ensures personal attention. |
| |
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