Controllership Program Alberta

The position of financial controller, or comptroller, involves managing financial departments of a company. These departments can include the accounting department, budget department, audit department, and any other finance-related departments. Financial controllers have many responsibilities, such as producing critical financial reports, profit and loss statements, balance sheets, and financial prospectuses. They must also prepare reports that predict the financial performance of a company over time.

Any paperwork that needs to be done for federal and state regulatory agencies is completed and submitted by the financial controller. A financial controller should have a good grasp of financial reporting, as well as high-level mathematical and problem solving skills. Because they need to submit and often explain complex financial concepts to executives and people without a financial background, superior communication skills are necessary.

Typically financial controllers have a bachelor’s degree in accounting, finance, or business, although it is not uncommon to find someone with a liberal arts background in this role. They also should obtain a license as a certified public accountant, certified financial manager, or certified management accountant. Most companies hiring for this position will look for a master’s degree in business administration or financial accounting, as well as seven to 10 years of progressive accounting experience and previous supervisory experience.

Full descriptions can be found at cpaalberta.ca/Professional-Development. Occur, CPA Alberta reserves the right to alter or delete items from the program, or cancel them at any time. Controllership – Operational Management.

(Copyright 2019 PayScale.com) Financial Controller Tasks • Complete account invoices, process incoming and outgoing payments, and review payroll and benefits. • Handle an office's finances, prepare budgets, oversee accounts and statements, generate cost analysis reports, and perform analysis. • Create and maintain a government agency or office's financial policies, procedures, and reporting systems. Creo preps 5.3. • Ensure that financial records are kept accurately and according to both internal and government regulations. Pay by Experience for a Financial Controller has a positive trend.

An entry-level Financial Controller with less than 5 years of experience can expect to earn an average total compensation of C$70,000 based on 344 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Controller with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$78,000 based on 485 salaries.

An experienced Financial Controller which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$84,000 based on 598 salaries. A Financial Controller with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$83,000 based on 341 salaries. Stress level is comfortable, as I have a very supportive supervisor; however, daily responsibilities are high because he works part-time or from home most of the time. Time management is very important in this job, therefore the main focus of every task is efficiency. Human resources are very limited, so wise allocation of work and smart delegation is essential. The company has grown in the last couple of months tremendously (4 companies merged together), and the newly joined ownership creates some difficulty in decision-making and managing the financial function. Communication and professionalism is critical in this situation.