Definition of Controller:
The controller has many tasks which might include preparing budgets and managing important budgeting schedules throughout an organization. This includes the collection, analysis, and consolidation of financial data. Although the controller doesn't always maintain the annual budget, the controller position monitors variances, summarizes trends and investigates budget deficiencies. The controller reports material budgeting variances or expenditure variances to management.
A controller is an individual who has responsibility for all accounting-related activities, including high-level accounting, managerial accounting, and finance activities, within a company. A financial controller typically reports to a firm's chief financial officer (CFO), although these two positions may be combined in smaller businesses. The duties of a controller include assisting with the preparation of the operating budgets, overseeing financial reporting and performing essential duties relating to payroll.
(U.S.) the chief accountant in a company.
A person who controls something, especially the finances of a company.
Synonyms of Controller
Big Brother, CA, CPA, Accountant, Accountant general, Actuary, Auditor, Bank accountant, Bank examiner, Boatswain, Bookkeeper, Boss, Bursar, Calculator, Cashier, Cashkeeper, Certified public accountant, Chamberlain, Chartered accountant, Chief, Clerk, Comptroller, Control, Cost accountant, Cost keeper, Curator, Depositary, Depository, Financial officer, Floor manager, Floorman, Floorwalker, Foreman, Gaffer, Ganger, Governor, Head, Headman, Inspector, Journalizer, Liquidator, Monitor, Noncommissioned officer, Overman, Overseer, Paymaster, Proctor, Purse bearer, Purser, Receiver, Reckoner, Recorder, Registrar, Regulator, Servo control, Servo regulator, Sirdar, Slave driver, Steward, Straw boss, Subforeman, Super, Superintendent, Supervisor, Surveyor, Taskmaster, Treasurer, Trustee, Visitor
How to use Controller in a sentence?
- A controller acts as an overseer of a company's financial health.
- Depending on the company's needs, a controller may also be responsible for hiring and training staff who will work in the financial department.
- Controllers are not only responsible for calculating the bottom line but for meeting tax, permit, and licensing requirements.
Meaning of Controller & Controller Definition