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This essay is about the nature of the work of a financial manager.

Date Submitted: 04/21/2004 20:25:39
Category: / Business & Economy / Accounting
Length: 2 pages (498 words)
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
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