The Controller's Function: The Work of the Managerial Accountant / Edition 4

Hardcover (Print)
Rent from
(Save 75%)
Est. Return Date: 12/20/2014
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $28.42
Usually ships in 1-2 business days
(Save 70%)
Other sellers (Hardcover)
  • All (9) from $28.42   
  • New (6) from $60.59   
  • Used (3) from $28.42   


The go-to resource managerial accountants can turn to for sustaining their company's competitive advantage

From flex budgeting to detailing the more sophisticated skills like throughput analysis for capital investments and the fast close for public companies, The Controller's Function, Fourth Edition offers numerous real-world examples, expertly balancing both the technical and managerial sides of the job.

  • Provides an overview of the functions and responsibilities of the controller/management accountant in a corporation
  • Explores how controllers can better perform their jobs
  • Offers a solid foundation for those who are new to this area

Comprehensive and practical, this book fully defines the role, functions and responsibilities of the managerial accountant in a corporation.

Read More Show Less

Product Details

  • ISBN-13: 9780470937426
  • Publisher: Wiley
  • Publication date: 3/1/2011
  • Series: Wiley Corporate F&A Series , #563
  • Edition description: New Edition
  • Edition number: 4
  • Pages: 496
  • Product dimensions: 6.30 (w) x 9.10 (h) x 1.70 (d)

Table of Contents


Chapter 1: The Controller's Job.

Main Job Functions.

Job Description.

Job Qualifications.

Organizational Structure of the Accounting Department.


Chapter 2: Internal Control.

Basic Elements.

Controls to Use in Your Business.

Elements of Internal Accounting Control.

Levels of Controls.


Auditing for Fraud.


Chapter 3: Planning and the Strategic Plan.

Strategic Plan Overview.

System of Plans.

Planning Cycle.

Planning Roles.

Planning Timing and the Planning Period.

Business Mission.

Developing Long-Range Objectives.

Developing Long-Range Strategies.

Chapter 4: Long-Range Financial Plan.

Layout and Purpose.

Trends of Revenues and Profits.

Capital Investments.

Cash Flows and Financing Requirements.

Risk Analysis.

Breakdown by Business Unit/Product Line/Geography.

Financial Position.

Chapter 5: Annual Plan.

System of Plans.

Additional Budget Modeling Topics.

Annual Planning Cycle.

Role of the Controller.

Sales Planning: The Base of All Business Plans.

Steps in Developing the Near-Term Sales Plan.

Methods for Determining the Sales Forecast.

Changes in the Sales Mixture.

Changes in the Sales Price.

Changes in the Cost.

Chapter 6: Sales.

Role of the Controller.

Sales Analysis.

Sales Standards.

Sales Reports.

Product Pricing.

Chapter 7: Distribution Expenses.

Role of the Sales Manager.

Analyzing Distribution Costs.

Analyzing by Application.

Setting the Distribution Budget.

Chapter 8: Direct Materials and Labor.


Role of the Controller.

Types of Cost Systems.

Measuring Direct Material Costs.

Controlling Direct Material Costs.

Controlling Direct Material Quantities.

Measuring Direct Labor Costs.

Controlling Direct Labor Costs.

Target Costing.

Chapter 9: Overhead.

Need for Overhead Controls.

Responsibilities of the Controller.

Account Classifications.

Fixed and Variable Costs.

Cost Allocation.

Controlling Overhead.

Production Reports.

Chapter 10: General and Administrative Expenses.

Functions Involved.

Accounting for and Allocating Administrative Expenses.

Responsibility Accounting.

"Unique" Expenses.

Controlling Costs.

Chapter 11: Cash and Investments.

Objectives of Cash Management.

Role of the Controller.

Cash Collections.

Cash Disbursements.

Investment of Short-Term Funds.

Accounting for Records of Investment.

Cash and Investment Controls.

Chapter 12: Receivables.

Functions of the Credit Department.

Shortening the Receivables Cycle.

Reserve for Doubtful Accounts.

Receivables Fraud and Control.

Chapter 13: Inventory.

Inventory Management Systems.

Inventory Tracking.

Physical Inventory Procedure.

Inventory Valuation.

Inventory Fraud and Controls.

Chapter 14: Property, Plant, and Equipment.

Role of the Controller.

Capital Budgeting.

Postproject Appraisals.

Other Aspects of Fixed Assets.

Chapter 15: Liabilities.



Credit Agreement Provisions.

Debt Capacity.

Bond Ratings.


Chapter 16: Equity.

Role of the Controller.

Cost of Capital.

Dividend Policy.

Long-Term Equity Planning.

Repurchasing Common Shares.

Capital Stock Records.

Chapter 17: Operational Accounting.

Create Departmental Job Descriptions.

Create a Departmental Training Program.

Clear Out Excess Documentation.

Streamline the Accounting Workflow.

Document All Major Processes.

Schedule the Department.

Correct the Underlying Causes of Errors.

Use of Best Practices.

Outsourcing Selected Accounting Functions.

Chapter 18: The Fast Close.

Different Types of Fast Close.

How to Achieve a Fast Close.

Enhanced Closing Process.


Chapter 19: SEC Filings.

Form 8-K.

Annual 10-K and Quarterly 10-Q Reports.

Timing of Annual and Quarterly Report Filings.

Form S-1.

Form S-3.

Form S-8.

Forms Requiring Payment to the SEC.

Fedwire Payments.

Chapter 20: Performance Measurements and Trends.

Performance Measurements.


Interrelationship of Ratios.

Just-in-Time Ratios.

Chapter 21: Financial Analysis.

Analyzing Financial Statements.

Analyzing Working Capital.

Analyzing Financing Options.

Services Profitability Analysis.

The Throughput Analysis Model.

Production Outsourcing Decision.

New Product Decision.

Chapter 22: Cost Reduction.

Types of Reports Used for Cost Reduction Analysis.

Spend Analysis Overview.

Spend Database.

Supplier Consolidation Analysis.

Parts Consolidation Analysis.

Maintenance, Repair, and Operations Item Analysis.

Spend Compliance.

Spend Analysis Reports.

Workforce Reduction Analysis.

Workforce Reduction Issues.

Workforce Reduction Alternatives.

5S Analysis.

Check Sheets.

Error Quantification.

Fixed Cost Analysis.

Ishikawa Diagrams.

Value Stream Mapping.

Waste Analysis.

Chapter 23: Taxes.

Tax Strategy.

Tax Organization.

Role of the Tax Manager.

Tax Records.

Tax versus Book Accounting.

Sales and Use Taxes.

Proper Classification of Accounts.

Chapter 24: Selecting a Financial Information System.

Reasons to Purchase Software.

Defining Systems Requirements.

Existing System Documentation.

Joint Sessions.

Preparing the Request for Proposal.

Distribution of the Request for Proposal.

Review of the Vendor's Completed Proposal.

Reference Calls.


Site Visits.

Cost of the System.

Final Selection.

Contract Negotiations.

Postimplementation Review.

Appendix New Controller Checklist.

About the Author.


Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)