Role of management accountant for controller functions
Answers
Management accountant used to work in the accounting department, additionally; they used to report to the controller (who is responsible of general financial accounting, managerial accounting and tax reporting, and he or she reports directly to the chief financial officer who is in return charge of all the organization ...
Most often, a person discharging the functions of management accountant may not be titled as management accountant in an organization. There may be a top executive in-charge of all finance and accounting activities, known as finance manager/chief finance officer. The treasurer is generally concerned with the organization’s financial matters such as raising and management of cash. On the other hand, the Controller looks after operating matters with a view to assist management in decision making.
The Controller provides managers with specialised services such as advice and help in budgeting, analysing variances, pricing decisions, special decisions. The Controller is considered an organization’s top accounting officer. Sometimes, the Controller prepares the annual accounts and financial statements for external users.
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