Succeed as a part-time or contract hired gun! The number of openings for parttime and contract Controllers continues to grow. You may find yourself either being asked to serve as an "acting" Controller for a client or to become a Controller under contract. The course provides you with the skills you need to make intelligent choices and fully understand the Controller’s position as it relates to a less than full-time, or “non-permanent” position. Learn how to employ the skills required of the part-time or contract financial executive. Understand the role the contract Controller plays. Identify both the positive and negative aspects of being a part-time or contract Controller. Become very effective in the "hired gun" role.
Objectives:
Prerequisite: Experience in financial management of a medium or small company
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Overview
You must be willing to get out of your box!!
You have the opportunity to provide top quality services at affordable prices without the human resource issues involved with having employees.
Course Objectives
There is a fast growing trend in business—requesting the services of a Financial Executive who is not a permanent part of the organization. For a variety of reasons, some companies are opting to
This trend raises many questions, problems, and opportunities.
This workshop is designed to provide answers and guidance to many of the questions raised with this novel situation. Despite the unique need for Controllers, there is not much practical information on the subject.
After completing this course you should be able to
This workshop is designed for CFOs, Controllers, and anyone who chooses to work in a part- time or contract capacity. The specific duties are not as important as the attitudes and skill set. I will assume that you already know how to do accounting, so we will not cover number crunching. We will cover topics such as how you market yourself and how to deal with the egocentric CEO.
Atypical CPE
This course will be very different from the type of CPE you are used to taking. The primary focus of this workshop will be in three areas:
This format will definitely be challenging to you and your peers. However, by the end of this workshop, you will have significantly enhanced your skills as a contract professional. By the end, some of you may decide that this job is not for you because of what is involved in this unique role. This is beneficial because it is better that you proceed with your eyes wide open, rather than go into this role blindly.
Workshop Roles
Discussion Leader—To disseminate and explain the tools, ideas, and Best Practices.
Participants (you)—To contribute ideas, learn, explore, and apply the information.
Thank you for being present today!
**Note. The companies and characters listed within this document are fictional.
Chapter 1 - Controller Responsibilities
The Controller has the most complex job in the organization!
Learning Objectives
After completing this chapter you should be able to
The Controller Position
An experienced Controller described his job as:
"Do everything!"
A seasoned Controller commented that her entire job description reads:
"All duties as assigned."
The best way for a non-Controller to understand what a Controller does is to hear how many Controllers describe their job:
"A Controller has full responsibility for everything not specifically assigned to other executives."
We begin understanding the contract Controller position by conducting a brief review of the Controller position. This is for two reasons. First, some of the people who are interested in this position come from public accounting and most have never served as Controller. This brief review gives them a better understanding of what responsibilities the Controller takes on so they can successfully scope out the client's project.
The second reason for this review is for the industry folks who have never been a Controller but are considering becoming a contractor. They want and need to know which responsibilities to accept and which to avoid.
The biggest understanding you will get from this review is being able to avoid getting sucked into the Controllers Vacuum.
Activity: Help Me Rhonda Part 1 Your good friend, Rhonda, is asked to be the contract Controller in a critical position where the retiring incumbent averaged 55 hours per week. You know that she does not want to work that many hours. Discussion question As her friend and mentor, what would you want to discuss with Rhonda? Prepare an agenda of items to discuss and questions to ask her. |
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