Question

In: Accounting

I was wondering what should the controller do in the case of Oradell Electronics? Can I...

I was wondering what should the controller do in the case of Oradell Electronics? Can I have a solution ? thanks you!

Solutions

Expert Solution

As we know that position of the controller in any firm is very important because controller paly a key role in any firm or company. Hence controller of Oradell Electronics perform following functions;

1. Monitoring operations of the firm.

2. Monitoring financial activities of the firm.

3. Enforcing and monitoring internal control system of the firm.

4. Provide proper information to the external auditors.

5. Preparing various types of budgets and time to monitoring of those budgets.

6. Preparing special reports, analyzing, summarizing information and trends.

7. Keeping professional and technical standards by attending educational workshops.

8. Make sure about the implementation of legal & tax formalities inside the firm.

9. Provide proper protection to various types of assets of the firm.

10. Actively participate in higher level decision making so that acurate & practical decisions can be taken etc.


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