6 Nerve Wracking Tasks As A Controller

[@joshbrekke4034]

This video is quite comforting to me. Not only to know that the fears I confront in the monthly or quarterly aspects of my position are held by other members of the profession, but also to identify when management or ownership is being unreasonable with their expectations. Closing the books on an accelerated time schedule, even if they are "simple", has always been nerve-wracking to me, especially if the results or resulting payments are going to an outside investor, bank, or government entity. The accounting team is often expected to be accurate immediately and always, yet the only way we're able to give that impression is the checks, verifications, reconciliations, double-checks and triple-checks that are dismissed as inefficient or unnecessary work by other departments in the company. We're human too.

[@TheFinancialController]

Thanks for your comment Josh!

[@nichellemarcelle3482]

@@TheFinancialController it's comforting to know others have the same fear as I do with issuing Financials. I go through this every single month. I go over everything so many times yet somehow never feel fully confident that I got to correct all errors.

[@michaelsglaspie]

You know, I operate as a CFO and I find your content refreshing and educational. I honestly learn from you alot. I love the content. Keep it up.

[@TheFinancialController]

Thanks Michael!

[@michaelsglaspie]

@Super Swift General Trading LLC good question! I never said I didnt know these. Its like when you hear something explained a different way, it helps you communicate it better. For example, If I struggle to get my client to understand why we are focusing on COGS, but I watch a video with a much simpler explanation, now I can go back and use that with potential clients to get the message across. Thats what I mean. His content is broken down to be understood very easily.

[@01michellehall]

Love your channel. I like how real you are. Keep up the great content! I want to be a controller one day.

[@TheFinancialController]

Thanks Alicia!

[@staystrongpeople4942]

Best accounting videos on KZbin!

[@TheFinancialController]

Wow, thanks!

[@joecoleman288]

Very insightful video, Bill! Helps me become a better manager to understand what keeps my team up at night!

[@TheFinancialController]

Thanks for watching Joe!

[@hannahsarradet2735]

very much appreciate your channel and the transparent content!!

[@TheFinancialController]

Thanks Hannah!

[@920WIZCO]

A great video thanks for sharing! Hopefully will one day be in the controller position too! I know there are scary items as well, but think I will like the role a lot too!

[@ll-vt1ol]

Hi Bill, I'm curious on what was your favorite type of accounting class while in college? Was it tax accounting, financial accounting, managerial accounting, etc? Thanks.

[@TheFinancialController]

Managerial Accounting for sure

[@Shanshu72]

I’m very thankful my team has a company credit card. Reconciliations make it so much easier to track expenses when combined with Quickbooks. If an expense is not present, it’s because you did not enter it. Therefore, the cardholder did not submit the receipt.

[@josemiguelgonzalez9124]

thank you Bill, best accounting videos on Yt, do you have anything about costing?

[@Samir-oe7zf]

Thanks for the video. Curious to hear your take on how to do technical accounting research as a controller. For example, if you were faced with a question on how to record a transaction you've never seen before. Where do you go to look up the FASB guidance? Do you ask your external auditor?

[@TheFinancialController]

I ask my peer network and also my auditors.

[@vijayrajashree4694]

Really good one.. Thank you..

[@vakilchirayu]

Great.. Thanks for sharing..

[@md.anamulhaque4703]

hi,Bill...i watch all of your vedios.. It’s a very effective. I am an accountant of government Department in Bangladesh.I have 9 years experiences. I want to do job as an public accountant. Is it possible now? I am Master’s in accounting.. What i should do for an public or private accountant.please, guide me...Best wishes to you.

[@siddharthagarg7587]

Can you please create a video to explain a difference between Non Controlling Interest and Redeemable Interest

[@TheFinancialController]

Ok

[@easythepeacecat]

Hi sir, I'm so appreciates to your fruitful content, please allow me to ask one question from Malaysia, did you ever heard about power of one method? I'm having problem to figures out the formula.😕

[@nhechao757]

hello, how do you think about the opportunity of a cost accountant to switch to financial control, because there are many similarities. such as resource control, and budgeting.

[@920WIZCO]

Bill I'm still in school getting my bachelor's currently. I still see arguments for getting either a CMA designation or the CPA designation too and watched videos on both. Do u think CPA would be a better one to get ? I see many more jobs listing that as a requirement vs CMA. Also do the last 30 credits would u recommend master degree classes or other ones?

[@TheFinancialController]

CPA is more in demand. I wouldn't stress about master credits. If you aim to get your CPA, a masters doesn't hold a lot of value (unless to work in teaching or gov't)

[@920WIZCO]

@@TheFinancialController thanks for the reply! I will most likely do the CPA route then compared to CMA and not do a master's as I don't plan on teaching at all.

[@rudra109]

What kind of role a controller can expect if its group company accounting? Is he/she is also involved in taxation part?

[@hemasaha7326]

Sir Could you please suggest What certification will be really helpful for any Financial Analyst..?? Is 6sigma also useful..kindly guide us.

[@rudra109]

How can we manage Bills those paid in later years instead of years in which they were occured?

[@muhammedamri9750]

Hey I 'm going to college for an accoutancy degree and Im interested in IT sector too. Would it be better for me to do acca or a part time it degree to go along with my accoutancy degree ? What is going to be useful in the future ? Thabk you.

[@iamjaydennn]

Bill, could you stop using sharp noises in your video (eg. 4:27), it adds no value and bursts my ear drums. Thanks.

[@TheFinancialController]

oh wow I didn't realize this, thanks for telling me. It sounded very low during edit. I will check in the future.

[@Tizonwar8]

"12 - 13 years ago you were an accounting manager..." wow you look young how old were you when you first became financial controller?

[@TheFinancialController]

Haha thanks. I am 42 now

[@AdrianRamirez-qb1wm]

I would be fired if I took 3 weeks to close the month!!! LOL

[@TheFinancialController]

It depends on the company and whether they are a public filer. I worked for a public company before we had only four days 🤔

[@hl9345]

When you find errors in tax filings you can file an amendment and get a refund.

[@n.bcritical9819]

is it me or does Bill look mega toung on the thumbnail ?

[@hemasaha7326]

Sir Could you please suggest What certification will be really helpful for any Financial Analyst..?? Is 6sigma also useful..kindly guide us.