This essay is about the nature of the work of a financial manager.
Title: This essay is about the nature of the work of a financial manager.
Category: /Business & Economy/Accounting
Details: Words: 498 | Pages: 2 (approximately 235 words/page)
This essay is about the nature of the work of a financial manager.
Category: /Business & Economy/Accounting
Details: Words: 498 | Pages: 2 (approximately 235 words/page)
The nature of the work of a financial manager varies a lot with their specific titles, which include controller, treasurer, credit manager, etc. Controllers direct the establishment of financial reports that sum up and predict the organization's financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are responsible for preparing special reports required by regulatory authorities. Often, controllers superintend the accounting, audit, and budget departments. Treasurers and
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the type of industry and where the location is. Many financial managers that are in the private industry receive additional compensation in the form of bonuses, which will vary mainly by size of firm. This table is the results for the Association for Financial Professionals' 13th annual compensation survey.
Table 1. Average earnings for selected financial managers, 2001
Vice president of finance $178,724
Treasurer $158,404
Assistant vice president-finance $128,272
Controller/comptroller $119,220
Director $110,704
Assistant treasurer $105,885
Assistant controller/comptroller $99,856
Manager $81,720
Cash manager $60,424