The Controller Game Plan! How Can You Become A Corporate Controller!
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- Опубліковано 31 лип 2024
- Sharing with you tips on becoming a corporate controller. What it takes in terms of education and experience, potential salary, career choices, etc.
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Never stop uploading, please. This channel is gold.
Ok thanks for watching
Yep🔥
Thank you for giving a clear career plan for the thousands of us that have done our degrees and felt lost afterwards. Not many institutions give you career planning advice like you do. They sell you this dream that once you get your degree you on the way to the big four accountancy firms and this maybe be true for 10% of people but not all of us are so lucky. Brilliant work, thank you 😃
Awesome, glad you liked it ;)
Im majoring in accounting but i wasn’t too sure on what job I wanted to have after I graduated. After watching this video now I know my path! I’m going to work to become a controller 😁
Thank you for these videos. I've been a senior accountant for almost four years and always wondered how to progress to controller. I fit all the checkmarks except for the public accounting experience.
Yeah your extremely smart and rich. Not most people can end up where you're at today. Congrats dude and thanks for sharing your videos.
I just watched your channel about 1 week ago. This channel has given me a lot of insight. I just started my career as an auditor 1 year ago until now and to be honest, I almost gave up. But thanks to you I have changed my mind. I just realized that there are many interesting knowledge that I haven't know yet until now about audit and accounting. Great content!!
Looking forward for your next video Mr. Financial Controller !
Awesome Danny I am glad I can help man
Thank goodness for you! I’m starting my career in Accounting and you’ve been a golden ticket for my learning experience! You explain your topics very well in a way that I can understand and retain. Thank you for your channel. You are helping us!
Thank you Ashley!
This is gold! Thank you so much for the great contents.
I am so intrigued by this channel and happy I came across it. You rock, The Financial Controller!
Thanks for checking it out!
Thank you for sharing the interview questions!
This video help me a lot and never stop uploading videos about career . Thank you so much sir😊
I have been benefiting a lots from your channel being a HR professional managing controllership team. Big thank you to you🎉
Great to hear!
Thank you for clarifying my doubts
Thanks for the clear explanation about career planning.
Thanks 🙏
Thank, really like your content
Love your channel. Please make a video on: 1.) Payroll accounting 2.) Interpretation of financial statements. Thanks Bill.
Great suggestion!
Good video Bill, thanks!
Thanks ;)
Good video, I was looking for this video
Thanks 🙏
Thanks for the video!It is really useful.
Glad to hear that!
Thanks for the information you give me
Love from india 🇮🇳
Can you please make a video on owning a FS report ! Great work , keep up !
Great explanation !
Thanks Ruin!
Great video. You have really broke it down to the core. Love the content.
recommendation for UA-cam video.
Maybe add some low sound copyright free background music.
Thanks and will do about the background music :)
Hi Bill, this is a great 👍 encouragement and super.
Could you please expound more on the role of a corporate controller on internal controls, Financial modelling and business forecasting??
Will do in a future vid evans, thanks
Amazing. 🎉
Thank you! Cheers!
Thanks for this info ☺
Welcome 😊
I love your videos I wish there was something similar for CFO in terms of videos. I want to eventually get to that role currently a sr. Financial Analyst
The video would be the same of this one. CFO is just a promoted controller. The controller reports directly to the CFO and usually eventually replaces him or you apply for a CFO / VP of Finance job after you have a few years of experience as a controller.
Wowwww !!!!!! Great 👌👌👍👍👍
Glad you liked it
Within public accountings’ Tax & Audit departments…..which is easier to transition from AP to AR or vice-versa in the first few years
Big fat thumbs up my guy
Thank you sir
Thank ❤❤❤
I am almost finished with my business accounting degree. Where do you suggest starting out (job wise) to get experience to later apply for a controller role?
Thank you for the advice. What job position would you suggest I take if I'm trying to head in the controller direction, an accounts payable role or a full charge bookkeeper role? I'm not straight out of college so time is a bit shorter for me. 😁
Full charge bookkeeper
Hey I am currently in school for B.S in Accounting. I noticed my school has this program and another program which is B.S in Accounting with emphasis on public accounting. Is my current program sufficient enough to lead down the road of sitting for my CPA??
thanks for makes me thing about very importat things i shoud care related with my profession always you gave us very good advice
Happy it’s helpful
@@TheFinancialController hello happy new year i staying practicing a lot
Hey man! Thanks for the awesome videos. Do you do career coaching?
Thanks! Not at the moment
I have experience in everything that you mentioned for 15 years. They just never gave me an accounting title. I never realized I was handling this role. Will titles affect my job pursuit?
Hi Bill, thanks for your videos, really helpful for appreciating the scope of the job.
Could you please make a video about how to manage an accounting team? I’ve got all the knowledge/experience/certification for becoming a Financial Controller. What’s holding me back is the lack or more likely a fear of managing a team of people. What would be the best role for a person who doesn’t want to manage others?
I like responsibilities of a Financial Controller and can do that comfortably and love putting together Financial and Performance reports but not sure I’d like to manage people.
What would be your advice?
Thanks!
This is a great question I will try to cover in a future video
Thanks a lot bro finally got a vedio on this topic only vedio I got on corporate controller 😅😊please make vedio on how to be corporate controller for indian kids who are just in high school!! Can u tell us in easier way
Ok will do
Finally I got a video on this ..thanks a lot sir ...please make a video .how to become Indian kid coprated controller ...plz sir...I hav search a lot but I did not get any video on this ....now u r last option ...plzz sir make video ...for Indian kid
Same.
I'm looking for the same video.
How do you get a job if you are attending college and trying to work around that field?
I’m A financial controller in the netherlands myself. Here the wages are A lot less in General compared to the US.
I want to transition my career and be a CMA. Currently I review commercial real estate documents including the income, cash flow, balance sheet documents and projection in appraisal reports for the purposes of quality control. I don't make financial decisions. I only summarize information or work with the appraisers in revising or clarifying information for underwriting purposes.
I make a salary slightly above the population average. With the proper education, can I transition to this track without a severe cut in income? My education is in economics.
Thanks for your sharing. In case, I’m not really good at number, math, I can’t quickly calculate numbers in my head, link the numbers between reports, should I follow this career? If I’m ready on this road, can you please share some tips to improve and move up? Thanks
No need to calculate numbers in your head. Just learn to be organized, this will help
SIR PLEASE REPLY , CAN I DO CMA INSTEAD OF CPA FOR CONTROLLER JOB IN USA
I wouldn't mind seeing a video focusing on financial reporting. That's a skill set that I want to develop, but I don't know-how. I have an associate in accounting. I worked in AR, but didn't deal with a high-level of finical reporting. I'm not sure how to get in a position where I can learn more about financial reporting. Until I get one, I wouldn't mind a video on it.
I also wouldn't mind hearing your personal experience as being a financial analyst and an account manager. Was there anything that you wished you had known before taking on any of those roles? Were the steps you took to become a controller intentional, or did you simply want to advance your career over time?
Thanks, great questions and I will address in the future
Thank you for the video. Would you say that as a corporate controller, you have a lot flexibility to switch to new or different industries even if most of your work experience was in one particular industry - say for example, real estate or tech or entertainment/media?
Somewhat. It’s easy to go from software to services or manufacturing. I find it hard to do legal firms or any business that’s a partnership, because i am so used to corporation
@@TheFinancialController I see so it's easy to switch industries between corporations but more difficult if switching to industries dominated by legal firms or partnerships
Yes
I'm definitely upset that I have chosen this career path AFTER already obtaining a BS in Environmental Science. But I will persist, find a way forward, and have a great career nonetheless!
How do you feel about the CMA certification? I'm in the process of getting a BS in Accounting, and the school I'm going to has a program that is very much setting you up to pass the CMA exams.
CMAs can earn more than CPAs and have better career satisfaction. But I find that CPA jobs are more plentiful. So the choice for me was CPA
Please do a video on the benefit of a cma. I my ultimate goal is to become a controller however I choose to get my CMA vs CPA
Sure but also check my most recent video
Can you make it about cfo too?
I haven't explore your videos. Wondering if you have a tip on how to study for the CPA.
Hi Jean I will make a video on that
I am considering a career change to accounting. I have a full-time job, and wonder if I could learn Accounting from an accredited online school?
Absolutely. You can do a bit of research and you will find plenty of these programs online
Hi , nice channel really Bill , does speaking several language such as German and Spanish help ? Thanks
In very rare occasions but mostly no
Thanku sir
You are welcome!
Sir does job is upon marks of degree
Hello! I have 6 years as an AR and Credit/collections manager...what do you think should be my next move to become a controller ultimately? Should I become an AP manager now? Thank you!!!!
I prefer you take an "Accounting Manager" role that oversees both AR/AP plus some financial reporting. In doing so, you will get good exposure to AP.
@@TheFinancialController sounds like a great next step! Thank you so much!!
hey man nice vid... i hv a question... can investment bankers become corporate controller??
They tend to become CFOs more than controllers
How would be the career for CMA and request if you can add a video on General Ledger
Ok will cover these 2 in the future
What position should I apply to right out of college to become a controller? what job titles? really want to be a controller.
That’s actually the topic of tomorrow’s video
@@TheFinancialController lucky me can't wait.
I’ve seen a lot of sites say that an MBA is required for a lot of corporate controller and financial manager positions. I was thinking a double major in finance and business administration would be ideal, but now I’m conflicted. Do you think it would be realistic to take both of these classes and accounting in college if I want to start working as early as possible?
For controller role, only an accounting degree and a CPA are required. MBA is not a big deal for controller roles
@@TheFinancialController thank you so much for telling me; I’ll make sure to remember that. Does this still apply to the positions higher up the ladder?
Can I do it with a Bachelor’s in Finance? I’m also thinking of doing a supplemental major in math and statistics.
Bachelor of finance works too
Why is a CPA required and not a CMA? I thought Controllers are managerial accountants?
i'm from Uttar Pradesh , India
Can a CA become finacial controler?
Hi I have completed 10th and what I have to study pls reply
How much experience required if we work like storm?
What is storm?
Man this is pure diamond channel than pew die pie
Thanks Krish!
Hey, I have done my graduation in finance and taxation, and I'm a semi qualified company secretary from India. Would I be applicable to this job.... Or I have to do another certification ?.......
Please reply.........
This requires a CPA or CA certificate
Sir can you please explain about depreciation in cash flow statement?
Will do in a future video
The cash flow statement bridges net income to cash on the balance sheet. Depreciation decreases your net income, but it doesn’t effect cash (its like a “paper” expense) so you add it back on the CFS
How much money is needed to become corporate controller?
It’s not money you need…it’s putting in the years to learn and grow your knowledge
Hi
I am an accountant for 12 years and i am still same in my role without any change.
I am suffering and i need to change my role to finance.
Is there opportunity to do that? And the first step to do that.
Thanks for you.
Hi. When you make the move to finance you will be taking a risk of losing the job if you don’t perform good. So I would say make the move when you have extra money saved. Also sometimes you take a reduction in salary initially when you switch, but long term more money. Watch more videos on UA-cam about NPV, ROI, how to budget, etc
Search for corporate finance institute you can take their FMVCA course
Is after 3 years spend in firm and work with full of capacity can we earn upto 300k.....in US OR UK etc
Sorry not sure if this is a question
Best Expaination
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Haha thanks
Would you need Masters in Accounting?
Nope. A CPA helps a lot
Hey mr I am in 10th actually can u help me in telling me what should I take science or commerce
Both are good, follow your heart
Great video, but 200k USD? Damn I need to move to the US, controllers are getting on average 120k CAD here.
Yeah but realize I am talking about the New York marker which is higher than avg
200k is really high. Small to medium companies in US typically pay 90-130. Big companies are in the 140-165 range. Maybe you could get 200k if you worked for a huge multinational company.
In INR it will be 1 crore plus😳😳
I am doing Acca, Can I get this job??
Yes but experience is the field holds more weight than certification
How much experience matters means minimum years of experience??
I am would say need 5-7 years minimum in aspects of accounting
Thanks❤️
Do you think getting a CFA certificate might help as well? I already passed CFA level 1 but I am not sure if I should continue studying for it or just start studying for the CPA exam instead.
Hi, I don't think CFA helps a whole a lot. CFA can position you for a financial analyst role leading you to the FP&A route (a great route actually)
COURSE??
TO BECOME A CORPORATE CONTROLLER ..