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Controller leads and directs an organization's accounting functions. Establishes and maintains the organization's overall accounting systems, procedures, and policies. Being a Controller directs all analysis and reporting of financial information including budgets, planning, and required filings and reports. Presents findings and recommendations to management. Additionally, Controller requires a bachelor's degree in accounting or finance. Typically requires the Certified Public Accountant (CPA) credential. Typically reports to chief financial officer (CFO). The Controller manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head.
Assistant Controller assists the corporate controller in directing the organization's accounting functions including cost, payables, and reporting. Contributes to the development and maintenance of financial reporting, planning and budgeting systems. Being an Assistant Controller oversees the preparation of periodic reporting and required legal filings. Ensures that all corporate and required accounting policies and procedures are documented and followed by the organization. Additionally, Assistant Controller may train accounting staff. May coordinate with auditors. Requires a bachelor's degree in accounting or finance. Typically reports to a controller. The Assistant Controller typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be an Assistant Controller typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.