{"product_id":"the-essential-controller-isbn-9781118169971","title":"The Essential Controller","description":"\u003cb\u003eQuick-reference guidance showing new controllers how to enhance performance while avoiding pitfalls\u003c\/b\u003e  \u003cp\u003eDesigned to give new controllers a firm foundation in the concepts of managing the accounting department, locating GAAP information, and analyzing and knowing what to do with key accounting information, \u003ci\u003eThe Essential Controller, Second Edition\u003c\/i\u003e is the invaluable primer you can turn to for the foundation you need to succeed. Whether your business is large, small, or medium-sized, this volume provides a complete overview of the controller's responsibilities and the role that today's controllers should be playing.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers new coverage of finance strategy\u003c\/li\u003e \u003cli\u003eUpdates taxation strategy\u003c\/li\u003e \u003cli\u003eIncludes a new controller checklist\u003c\/li\u003e \u003cli\u003eQuick reference guide that controllers can turn to\u003c\/li\u003e \u003cli\u003eAlso by Steven M. Bragg: \u003ci\u003eThe Controller's Function: The Work of the Managerial Accountant, Fourth Edition\u003c\/i\u003e\n\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Essential Controller, Second Edition\u003c\/i\u003e is the go-to handbook that you will use every day for dealing with the everyday issues facing today's controllers.\u003c\/p\u003e  Preface ix  \u003cp\u003e\u003cb\u003eChapter 1 Accounting in the Corporation 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 1\u003c\/p\u003e \u003cp\u003eTasks of the Accounting Function 2\u003c\/p\u003e \u003cp\u003eRole of the Accounting Function 5\u003c\/p\u003e \u003cp\u003eRole of the Controller 6\u003c\/p\u003e \u003cp\u003eImpact of Ethics on the Accounting Role 8\u003c\/p\u003e \u003cp\u003eEvolving Role of Accounting 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Controller’s Responsibilities 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 13\u003c\/p\u003e \u003cp\u003eVariations on the Title 14\u003c\/p\u003e \u003cp\u003ePlanning Function 14\u003c\/p\u003e \u003cp\u003eControl Function 16\u003c\/p\u003e \u003cp\u003eReporting Function 17\u003c\/p\u003e \u003cp\u003eAccounting Function 17\u003c\/p\u003e \u003cp\u003eAdditional Controller Functions in Smaller Companies 18\u003c\/p\u003e \u003cp\u003eController’s Job Description 22\u003c\/p\u003e \u003cp\u003eRelationship of the Controller to the Chief Financial Of cer 24\u003c\/p\u003e \u003cp\u003eFuture Changes in the Controller’s Origins and Responsibilities 26\u003c\/p\u003e \u003cp\u003eManaging Rapid Growth 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Chief Financial Of cer: From Controller to Facilitator of Change 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 31\u003c\/p\u003e \u003cp\u003eUnderstanding What Chief Executive Of cers Want 32\u003c\/p\u003e \u003cp\u003eTask of the CFO 32\u003c\/p\u003e \u003cp\u003eDevelop and Communicate a Compelling Finance Agenda 33\u003c\/p\u003e \u003cp\u003eBuild a Commitment to Change within Finance 36\u003c\/p\u003e \u003cp\u003eChange Executive Management Practices 40\u003c\/p\u003e \u003cp\u003eEnlist the Support of the Chief Executive Of cer 42\u003c\/p\u003e \u003cp\u003eMobilize the Organization 44\u003c\/p\u003e \u003cp\u003eInstitutionalize Continuous Improvement 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Operational Accounting 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 49\u003c\/p\u003e \u003cp\u003eCreate Departmental Job Descriptions 50\u003c\/p\u003e \u003cp\u003eCreate a Departmental Training Program 52\u003c\/p\u003e \u003cp\u003eClear Out Excess Documentation 55\u003c\/p\u003e \u003cp\u003eStreamline the Accounting Work- ow 56\u003c\/p\u003e \u003cp\u003eDocument All Major Processes 58\u003c\/p\u003e \u003cp\u003eCorrect the Underlying Causes of Errors 59\u003c\/p\u003e \u003cp\u003eUse Best Practices 62\u003c\/p\u003e \u003cp\u003eOutsource Selected Accounting Functions 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Cost Accounting and Costing Systems 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 71\u003c\/p\u003e \u003cp\u003ePurpose of Cost Accounting Information 72\u003c\/p\u003e \u003cp\u003eInput: Data Collection Systems 73\u003c\/p\u003e \u003cp\u003eProcessing: Data Summarization Systems 77\u003c\/p\u003e \u003cp\u003eProcessing: Job Costing 79\u003c\/p\u003e \u003cp\u003eProcessing: Process Costing 87\u003c\/p\u003e \u003cp\u003eProcessing: Standard Costing 90\u003c\/p\u003e \u003cp\u003eProcessing: Direct Costing 93\u003c\/p\u003e \u003cp\u003eProcessing: Throughput Costing 96\u003c\/p\u003e \u003cp\u003eProcessing: Activity-based costing 101\u003c\/p\u003e \u003cp\u003eProcessing: Target Costing 103\u003c\/p\u003e \u003cp\u003eOutputs: Cost Variances 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Ratio and Trend Analysis 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 113\u003c\/p\u003e \u003cp\u003eHow to Use Ratios and Trends 114\u003c\/p\u003e \u003cp\u003eA Caveat 115\u003c\/p\u003e \u003cp\u003eMeasures for Pro tability 118\u003c\/p\u003e \u003cp\u003eMeasures for the Balance Sheet 122\u003c\/p\u003e \u003cp\u003eMeasures for Growth 128\u003c\/p\u003e \u003cp\u003eMeasures for Cash Flow 129\u003c\/p\u003e \u003cp\u003eMeasures for Non nancial Performance 132\u003c\/p\u003e \u003cp\u003eInterrelationship of Ratios 152\u003c\/p\u003e \u003cp\u003eSetting Up a System of Ratios and Trend Analyses 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Internal Control Systems 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 157\u003c\/p\u003e \u003cp\u003eObjectives 158\u003c\/p\u003e \u003cp\u003eResponsibility for Internal Controls 159\u003c\/p\u003e \u003cp\u003eExamples of Internal Controls 161\u003c\/p\u003e \u003cp\u003eWhen to Eliminate Controls 164\u003c\/p\u003e \u003cp\u003eTypes of Fraud 167\u003c\/p\u003e \u003cp\u003ePreventing Fraud 169\u003c\/p\u003e \u003cp\u003eHow to Deal with a Fraud Situation 174\u003c\/p\u003e \u003cp\u003eForeign Corrupt Practices Act 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Fast Close 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 179\u003c\/p\u003e \u003cp\u003eDifferent Types of Fast Close 180\u003c\/p\u003e \u003cp\u003eHow to Achieve a Fast Close 181\u003c\/p\u003e \u003cp\u003eEnhanced Closing Process 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Internal Audit Function 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 197\u003c\/p\u003e \u003cp\u003eReporting Relationships 198\u003c\/p\u003e \u003cp\u003eComposition of the Audit Committee 199\u003c\/p\u003e \u003cp\u003eRole of the Audit Committee 201\u003c\/p\u003e \u003cp\u003eInternal Audit Objectives 203\u003c\/p\u003e \u003cp\u003eInternal Audit Activities 206\u003c\/p\u003e \u003cp\u003eManaging the Internal Audit Function 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Recruiting, Training, and Supervision 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 215\u003c\/p\u003e \u003cp\u003eRecruiting Sources 216\u003c\/p\u003e \u003cp\u003eFactors to Consider When Recruiting 219\u003c\/p\u003e \u003cp\u003eFactors to Consider When Promoting 221\u003c\/p\u003e \u003cp\u003eImportance of Reduced Turnover 223\u003c\/p\u003e \u003cp\u003eImportance of Developing Career Plans for Employees 228\u003c\/p\u003e \u003cp\u003eImportance of Communications with Employees 231\u003c\/p\u003e \u003cp\u003eHow to Motivate Employees 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Controller’s Role in Investor Relations 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 235\u003c\/p\u003e \u003cp\u003eObjectives of the Investor Relations Function 236\u003c\/p\u003e \u003cp\u003eEvolving Nature of the Function 237\u003c\/p\u003e \u003cp\u003eCommunication Vehicles for\u003c\/p\u003e \u003cp\u003eInvestor Relations 238\u003c\/p\u003e \u003cp\u003eInvestor Relations Message Recipients 239\u003c\/p\u003e \u003cp\u003eInformation Needs of the Financial Analyst 240\u003c\/p\u003e \u003cp\u003eInformation Needs of Other Groups 243\u003c\/p\u003e \u003cp\u003eDisclosure Policy 243\u003c\/p\u003e \u003cp\u003eOrganization Structure for Investor Relations 245\u003c\/p\u003e \u003cp\u003eRole of the Controller and Other Principals 246\u003c\/p\u003e \u003cp\u003eSome Suggested Financial Market Objectives 250\u003c\/p\u003e \u003cp\u003eSome Suggested Methods 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Taxation Strategy 253\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of This Chapter 253\u003c\/p\u003e \u003cp\u003eAccumulated Earnings Tax 255\u003c\/p\u003e \u003cp\u003eCash Method of Accounting 256\u003c\/p\u003e \u003cp\u003eInventory Valuation 257\u003c\/p\u003e \u003cp\u003eMergers and Acquisitions 258\u003c\/p\u003e \u003cp\u003eNet Operating Loss Carryforwards 259\u003c\/p\u003e \u003cp\u003eNexus 261\u003c\/p\u003e \u003cp\u003eProject Costing 262\u003c\/p\u003e \u003cp\u003eProperty Taxes 262\u003c\/p\u003e \u003cp\u003eS Corporation 263\u003c\/p\u003e \u003cp\u003eSales and Use Taxes 264\u003c\/p\u003e \u003cp\u003eTransfer Pricing 266\u003c\/p\u003e \u003cp\u003eUnemployment Taxes 269\u003c\/p\u003e \u003cp\u003eAbout the Author 271\u003c\/p\u003e \u003cp\u003eIndex 273\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eSteven M. Bragg, CPA\u003c\/b\u003e, has been the chief financial office or controller of four companies, as well as a consulting manager at Ernst \u0026amp; Young and auditor at Deloitte. He is the author of over thirty books primarily targeted toward controllers and their needs. Bragg received a master’s degree in finance from Bentley College, an MBA from Babson College, and a bachelor’s degree in economics from the University of Maine.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eYour crash course to mastering your new role as controller \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Steven Bragg’s The Essential controller: An Introduction to What Every Financial Manager Must know, Second Edition has a broad coverage of topics in the environment of accounting, financial management, financial leadership, and corporate governance, making it a critical resource. The text is written in a clear and concise style with insights into practical situation soften encountered in the world of corporate controllership and the customary financial management role such as policies, procedures, shareholder value, value added reporting, advising management, and compliance that are applicable across a wide industry spectrum.” – \u003cb\u003eJohn G. Herndon\u003c\/b\u003e, consultant on accounting, finance, tax, ERP, and venture capital; Adjunct Professor, Accounting and Finance, college of Business and Economics, California State University, East Bay\u003c\/p\u003e \u003cp\u003e“Mr. Bragg has solved the mystery of what a CFO, controller, and financial analyst are. This book is a must-read for any CEO challenged by financial roles and responsibilities, and what they should expect from their financial staff. It offers clear and concise prose that ensures actionable and achievable results within your financial department. – \u003cb\u003eKen Koch\u003c\/b\u003e, CEO, Business Resource Management, Inc.\u003c\/p\u003e \u003cp\u003eProlific accounting author Steven Bragg shows us how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eImplement efficient practices for managing the accounting department\u003c\/li\u003e \u003cli\u003eAnalyze information through the use of ratio and trend analysis\u003c\/li\u003e \u003cli\u003ePinpoint the resolve control problems through control systems changes\u003c\/li\u003e \u003cli\u003eWork with the internal audit group\u003c\/li\u003e \u003cli\u003eRecruit, hire, promote, and motivate your accounting team\u003c\/li\u003e \u003cli\u003eCollaborate with company investors, including the use of a standard disclosure policy\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis Second Edition of The Essential Controller includes new coverage of accounting standards codification, finance strategy, update taxation strategy, and internal control flowcharts. Learn the ins and outs of controller ship while avoiding potentially catastrophic pitfalls with expert guidance found in The Essential controller, Second Edition.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990220488933,"sku":"NP9781118169971","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118169971.jpg?v=1761786959","url":"https:\/\/k12savings.com\/es\/products\/the-essential-controller-isbn-9781118169971","provider":"K12savings","version":"1.0","type":"link"}