TITLE

Corporate Controllers Reinvent Themselves

PUB. DATE
July 2000
SOURCE
Financial Executive;Jul/Aug2000, Vol. 16 Issue 4, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article focuses on changes being brought about in the role and responsibility of corporate controllers. Corporate controllers are moving out of their back office and onto executive row. There is a shift in emphasis from auditing skill to managerial skills. These skills include more emphasis on making decisions, communicating, acting assertively and influencing others, and less on applying functional knowledge and self-management. Controllers who report to business-unit heads as opposed to the CFO or another financial executive are starting to fill the business partner role. The Finance Leaders Research reveals a schism between what the controllers cite as their top improvement priorities, with technology ranking first, and what they admire most in pacesetting companies, with people ranking first and technology next to last. There is a high degree of conflict between people and technology. In terms of priorities for improvement, the financial leaders cite technology as number one and people as number five.
ACCESSION #
11899433

 

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