what is the difference between controller and director of finance?
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Both financial controllers and finance directors work with the financial aspects of different companies. However, financial controllers deal mainly with reports about finances, while finance directors oversee and strategize about financial activities. Read below for more about how these careers intersect.
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A Cost Controller is responsible for controlling the project costs; This includes planning, developing, controlling, and forecasting the project's budget. The goal of a cost controller is to minimize the deviation from the budget and ensure that the project is completed within the approved budget.
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In my industry General Manager is higher than Director. General Manager is like being the CEO of a business unit so you oversee all of the functions and are responsible for the entire PnL.
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Shareholders and directors have two completely different roles in a company. The shareholders (also called members) own the company by owning its shares and the directors manage it. Unless the articles say so (and most do not) a director does not need to be a shareholder and a shareholder has no right to be a director.
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General managers supervise employees and operations of a company, whereas directors of operations supervise general managers and work with production and day-to-day activities. ... Both professionals typically take care of financial needs and find ways to improve the performance of an organization.
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CFO (Chief Financial Operator) – The head of the finance department. ... Chief Accountant or Accounting Manager – Responsible for all accounting and reporting activities and the day to day running of the organisation's finance requirements.
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Let's start by laying out the distinctions between the two roles. VPs of Finance often have a hands-on role in managing a company's finances. ... CFOs, on the other hand, are more involved in the strategic financial future of a firm. The role is less about accounting and more about how to reach longer term goals.
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The specific role of financial controller is almost always found in the world of for-profit business. In contrast, the comptroller position is often tied to government and nonprofit organizations.
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Financial managers and finance directors both focus on the monetary aspects of a company, just from different angles. ... Finance directors, however, are not in charge of finance managers in any capacity, but rather are in charge of overall policies regarding how funds are used for a company or corporation.
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The main difference between them is that those who work in finance typically focus on planning and directing the financial transactions for an organization, while those who work in accounting focus on recording and reporting on those transactions.
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An MD (managing director) typically runs a line of business or is responsible for all the business of a company in an individual country market. The CEO is the chief executive officer, responsible for all the business of the company. The Chairman has a specific responsibility to lead the Board of Directors.
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A manager oversees employees. A director is a manager of managers. In a healthy organization, employees will typically require closer supervision than managers, giving directors more time and space to work on high-level tasks.
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Both positions are considered top executive positions. While the managing director oversees daily operations, the CEO provides the vision for the organization.
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Chairman presides over Board of Directors. He/she is usually the owner of the company in the context of companies. CEO and MD can be the same person who looks into the execution matters of the company. CEO and MD are appointed by the company board or if there is only one owner it is the Chairman who appoints them.
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When comparing an officer vs. director, a director is the person who takes part in managing important business affairs, while officers oversee daily aspects of a business. Officers are also directly involved in the daily management affairs of the business.
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Unlike a bookkeeper, who is generally only knowledgeable enough to create basic financial statements, a controller is capable of producing detailed financial reports on a daily, weekly, or monthly basis.
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Management accountant, as the term implies, manages the accounting of finance in a company. ... A chartered accountant, on the other hand, is someone who also gives financial reports on a company. However, this person is from the outside. The chartered accountant also makes a financial statement for a certain company.