There exist numerous careers in the accounting jobs sector ranging from entry-level bookkeeping to the chief financial controllers of a company. This correlates with increased responsibilities and remuneration respectively.
Most people pursuing a career ultimately aim at attaining a chartered accountant of chartered financial status. This title is typically achieved by taking a series of professional exams by an awarding body such as ACCA or CFA which are intentional certification examinations. In Ghana professional exams such as ICAG or Institute of Chartered Accountants(Ghana) exist. In all cases, one of the basic requirements is to have attained a tertiary diploma or degree certificate. The higher the degree the more likely a candidate is given waivers on the number of exams to write.
Typically, one is required to have certain years of accounting jobs or related work experience, say three years of working experience to be recognised as a full chartered accountant. Passing all ACCA exams without the 3 years of work experience classifies one as a part qualified.
Now that we are aware of Chief financial controller being one of the ultimate career targets for an accountant professional, it is prudent we consider what the role of a financial controller entails so that as a junior accountant you can equip yourself with the expected skills expected of you as you rise up the ranks to reach the helm of your career as a financial controller.
- The role of a financial controller job entails being responsible for overseeing all accounting works and ensuring adherence to tax laws of the relevant country and is also in charge of preparing and filing financial statements.
- Financial controllers are also in charge of preparing the company budget and ensuring the company is operating within its budget and alert company management if they are overspending.
- Additionally, the controller is answerable for getting ready tax returns for the company which is sometimes a very sophisticated task and requires expert knowledge and experience to do.
- The controller is also responsible for drafting reports of the company’s performance to management.
It is worth noting that the financial controller does not do the aforementioned task alone which be may sometimes be demanding and laborious depending on the size of the company. For a smaller company, they may be a jack of all trades for higher remuneration so the company can cut down on staff size. However, in very mid sized firms or big companies, several junior accounts assist the financial controller to deliver his duties such that the financial controller sort of heads the finance department of the company and reports directly to management on the how the company is meeting the financial key performance indicators(KPIs) which in most cases would have been spelled out to the financial controller and agreed upon to meet over a specific period of time.
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