Chapter Roles & Responsibilities: Controller

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The controller is essentially the accountant of the SBE.  They are in charge of recording all expenses, revenue (sales), and organizing the data.  After the expenses and revenue have been recorded, the controller must then create financial reports.  These financial reports give a snapshot of the SBE decoration business from a numbers standpoint that will help develop a budget and plan for the future.  These financial reports are not just an analysis of the business’s past as they can help the controller to create sales forecasts and predictions. This allows your SBE to know what to expect and be prepared as possible.  

The controller position is one of the most important within the SBE. It can be shared by multiple students, so long as they are able to work together to achieve their objectives.  All students involved in accounting and bookkeeping must obviously have developed skills necessary for those fields, including great attention to detail, solid math skills, organization, and trustworthiness.  Money, after all, can be tempting to some. So you must trust whatever students are tasked with managing the business’s finances.  

 

The controller(s) must also have a firm grasp on the basics of accounting and bookkeeping.  Accurate bookkeeping is critical to running an efficient and effective SBE, as the business’s numbers will have wide-ranging effects on every other department of the business.  The controller(s) must then be able to communicate necessary accounting information with other departments. It is especially important that the controller(s) can explain to each department those aspects of the business’s finances that are relevant to that department.

Responsibilities:

Recording Expenses

Recording Revenue

Create Financial Reports

Create Sales Forecasts 

 

Skills Required:

Organization

 

Must Know:

Accounting Principles

Basic Bookkeeping 

 

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