Upon successful completion of this course, participants will be able to: Chapter 1 Note the roles of the controller and the chief financial officer Identify activities to address during the controller's first days on the job Chapter 2 Identify key elements involved in the accounting for cash, including how to reconcile, administer petty cash, forecast and invest, and set up a system of cash controls Chapter 3 Note the measurements that can be applied to the credit and collection processes Identify techniques and accounting used for credit and collections Chapter 4 Recognize the methods for creating and issuing customer invoices, as well as how to account for them Chapter 5 Identify the types of inventory tracking and costing systems available, noting their characteristics and use as well as how to manage the systems Chapter 6 Identify ways to track fixed assets, noting the characteristics and usage of each method Recognize the accounting for fixed assets, noting fixed assets controls, record keeping, and audit requirements Chapter 7 Identify major accounts payable processes, noting how to manage the accounts payable function and set up a proper system of controls for it Chapter 8 Recognize the key elements in accounting for equity, noting terminology and how to account for basic equity-related transactions such as stock and dividends Chapter 9 Identify techniques used in the processing of payroll, noting key characteristics for payroll cycle durations and timekeeping Specify ways to improve the processing of payroll, including the key characteristics and usage for each method Note the proper way to account for common payroll transactions Identify various payroll controls, noting the characteristics of each type of control Chapter 10 Identify the methods and techniques available for establishing a system of management over the accounting department, noting benefits and drawbacks associated with each Chapter 11 Identify the various steps needed to close the books and issue financial statements, noting key characteristics of each step as well as important issues to consider Chapter 12 Identify the different types of available financial reporting formats, noting key characteristics and usage, account classifications, and preparation requirements for each Chapter 13 Recognize the additional financial reporting requirements and subsequent tests for publicly-held companies related to interim reporting, segment reporting, and earnings per share Identify the role and responsibilities of the controller and chief operating decision makers Note the key elements in the public company closing process, including the additional steps needed to close the books, required forms, and disclosures for non-GAAP information Chapter 14 Identify the types of management reports to issue, noting common line items and reporting concerns Calculate the selling price variance given a set of circumstances Chapter 15 Identify the ratios that can be used by the controller, noting the characteristics of each type of ratio as well as applicable differences Chapter 16 Recognize the components that comprise a company's budget, noting how the various components are assembled to create a complete budget package Chapter 17 Identify the main methods used to investigate requests for capital spending, noting the characteristics, focus, and usage of each Note the intent and usage of a post installation review Chapter 18 Recognize the steps required to select and install an accounting computer system, noting important topics to consider Note the nature of a bidders conference

Controller Job Description Cash management Credit and Collections Management Billing Management Inventory Management Fixed Assets Management Accounts Payable management Equity management payroll Management Department management Closing the Books Financial Statements Public Company Financial Reporting Management Reports Ratio Analysis Budgeting Capital Budgeting Computer System Selection and Installation