Productivity: the controller's role

Article Abstract:

Management efforts to improve productivity have resulted in an expanded role for controllers. The budget has evolved into a true planning and control document, and the advent of the computer has revolutionized both the budgetary process and the controller's role in it. It is suggested that controllers must assume an active role in productivity improvement efforts by demonstrating managerial as well as technical expertise, and by expanding their academic and work experience backgrounds. Productivity improvement through quality circles, goal-setting, employee motivation, quality control, work measurement, training and education, effective communication, improved work environments, and introduction of technology are also discussed. A seven-point program for increasing productivity is presented.

Usage, Statistics, Quality control, Employee motivation, Work measurement, Business budgets, Labor productivity, Goal setting, Productivity accounting, Controllership

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Where did the cash go?

Article Abstract:

Small businesses need to develop accurate cash control systems that can prevent erroneous data, reduce irregularities, and control errors. Effective cash register controls include: assigning employees' their own register; depositing money daily; and conducting occasional surprise register counts. All cash received should be registered in a cash receipts journal, and all payments should appear in a cash disbursements journal. Managers should regularly reconcile all bank statements to detect possible internal fraud. Additional cash control methods include developing and maintaining accurate cash budgets, and conducting frequent audits.

Accounting and auditing, Small business, Cash flow, Managerial accounting

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