Accounting principles | business valuation | topics | career center | dictionary | accounting Q & A | quizzes | about us

Browse Accounting Lessons Here

Accounting Terms & Definitions
Accounting for Merchandising Activities
Debits and Credits (Double Entry Accounting)
Business Valuation Formulas
Time Value of Money & Present/Future Values
Complex Debt & Equity Instruments
Common Stock & Shareholder's Equity
Accounting & Finance Ratios
Valuing Common Stock
Corporate Income Taxes
Lower of Cost or Market (LCM) & Inventory Valuation
Chart of Accounts & Bookkeeping
Bonds Payable & Long Term Liabilities
Capital Assets
GAAP, Accrual & Cash Accounting, Information Commodity, Internal Controls & Materiality

What category of browser are you on this website?

Careers in Accounting as a Corporate Controller

A career in Accounting as a Corporate Controller requires a very hands-on approach to solving complex accounting problems including solving tough internal control issues, consolidation issues between parent companies & subsidiaries, prepare financial & sales budgets, keep track of company overhead, better accounting processes of the company including inventory controls, better cash flow management & minimize accounts receivable while improving free cash flow.

Responsibilities of a Corporate Controller

  • Oversee departmental goals and objectives by managing and directing business operations, implement policies and procedures.
  • Help meet quarterly & annual accounting filing deadlines.
  • Help and supervise analysts in production of financial & sales budgets.
  • Direct all accounting functions, including financial statement preparation, accounts payable, payroll, accounts receivable, and fixed assets.
  • Liase with external auditors who will audit financial statements & operations of accounting department at year end.
  • Help & supervise junior staff in preparing Balance sheets, Income Statement & Statement of Other Comprehensive Income (OCI) as well as MD&As.
  • Identify Key Performance Indicators (KPIs) & manage internal controls & improve free cash flows of the firm.
  • Manage the annual audits process; develop pricing models; financial analysis; cost analysis, cash flow and forecasting.
  • Help in financial analysis of potential acquisitions & other mergers and do a Net Present Value & Cash Flow payback analysis.
  • Prepare statement disclosures, compliance reporting, month end close, and ad hoc reporting & analysis.

Median Salary by Years of Experience

Years of Experience
Salary Scale
Less than 1 year $39,935 - $64,772
1 - 4 years $46,339 - $72,305
5 - 9 years $57,916 - $86,945
10 - 19 years $65,400 - $99,295
20 years or more
$65,891 - $101,391
* Data courtesy of PayScale

Education Requirements for Corporate Controller Positions

  • Candidates must have a professional accounting designation (CPA, CGA, CMA OR CA).
  • Candidates should typically have at least 5 years of experience in a senior accounting role.
  • Candidates should have a strong knowledge of GAAP (Generally Accepted Accounting Principles), SOX (Sarbanes–Oxley Act of 2002), SOX 404 coordination and control, etc.
  • Candidates should have excellent technical financial skills with a wide view toward business application


© Accounting Scholar | Privacy Policy & Disclaimer | Contact Us