Monitor and report purchase commitments and spending for all capital programs. Compliance with corporate policy, including SOXĮvaluate and approve plant capital appropriation requests prior to region/division and corporate management approval Ownership of account reconciliation process to maintain integrity of plant general ledger and its supporting sub-systemsĮstablish, monitor and maintain a system of internal controls that safeguards company asset and provides for integrity and propriety of financial transactions and activities. Interpret, implement and monitor corporate policies and procedures, ensure financials are reported in compliance with generally accepted accounting principles and local statutory requirementsĭevelop and implement budgeting and financial reporting systems to provide timely and relevant information to plant, region/division, and corporate management and cost control Review, analyze and evaluate financial data and information for accuracy, consistency and transparency Inform management of results and recommend corrective actions to address unfavorable variances Manage, analyze, evaluate and interpret plant financial forecasts and operating results. This individual is responsible for administrative process improvements within the plant, creates and implements procedures to improve the internal control environment, streamlined efforts and provide increased transparency of financial results.ĭevelop and coordinate plant profit plans, strategic plans, monthly forecasts, goals & objectives, financial reconciliations, reports and analysis for plant management, including variance analysis and cost control reporting and recommendationsĪdvice and counsel plant manager on financial implications of operating strategies, cost control actions and decisions The Campus Controller provides technical competency to ensure compliance with corporate financial policies, legal requirements (i.e. This role is instrumental to manage financial performance of Tczew production plant including analysis of forecasts and actual performance, business drivers, and operational metrics. The position reports directly to the Plant Manager and functionally to the finance function. Information is presented in the main body of financial statements, in the notes or as supplementary information.As a Campus Controller, you will be a key member of the plant leadership team and region/division finance team. Whether to issue an adverse opinion rather than a qualified opinion. Whether to issue a disclaimer of opinion rather than a qualified opinion. Whether to issue an adverse opinion rather than a disclaimer of opinion. Information disclose should be enough to make a judgement while keeping costs reasonable. Study with Quizlet and memorize flashcards containing terms like A material departure from generally accepted accounting principles will result in auditor consideration of: a. 4) Full Disclosure Principle: Amount and kinds of information disclosed should be decided based on trade-off analysis as a larger amount of information cost more to Preparing use. Only if no connection with Revenue can be established, cost may be charged as expenses to the current period. Expenses are recognized not when the work is performed, or when a product is produced, but when the work or the product actually makes its contribution to revenue. 3) Matching Principle: Expenses have to be matched with revenues as long as it is reasonable to do so. 2) Revenue Recognition Principle: requires companies to record when revenue is (1) realized or realizable and (2) earned, not when cash is received. 1) Historical Cost Principle: Requires companies to account and Report based on acquisition costs rather than fair market value for most assets and liabilities.
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