The 3 Things You Must Learn in Accounting | From a Controller

https://www.youtube .com/watch?v=_-cSmDUxS3Q

If your goal is to reach controller or beyond, you will have to learn the following areas in Accounting: – Procure-to-Pay – Order-to-Cash – Record-to-Report🔥Enroll in my online course “Night Before the Accounting Interview Guide” including All Levels Q&A: https://thefincontroller.com/p/the-night-before-your-accounting-interview-course-for-all-levels📈Get My “Controller KPI Dashboard” (Excel + Course) with the most important P&L and Balance Sheet KPIs: ​https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-business​ —————————————————————— My Merch: https://the-financial-controller.creator-spring.com⚪️ 🧠 Roger CPA Review Course (get 50% off – Highly recommended): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3d ⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537——————————————————————— Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller 🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice

18 thoughts on “The 3 Things You Must Learn in Accounting | From a Controller

  1. What is your opinion on someone doing 3-5 years in big 4 Financial Services audit, then transitioning to some FP&A or corporate finance role, and going to get a T15 MBA around that time too, is that a good path to becoming a role like Director of Finance or CFO coming from a non target school?

  2. could you explain if there is a difference between a profit and loss controller and a financial controller? new ish to looking at finance

  3. I’m Account payable and I do not have the opportunity to learn R2R and if I found other jobs they need experience so what do you suggesting take some courses or what?

    Thanks

  4. It’s nice to meet you Bill and thank you for the tips – it’s interesting to see this from another individuals point of view within finance :) I would recommend working within each of the business areas – credit control, purchase ledger control and month end management accounting

  5. An excellent overview. I would just like to add that both P2P and O2C processes are very industry specific, that’s why you are spot on that this is an experience you can’t get in college. I’ll send my junior staff to construction site to shadow the formen and contract admin before they are allowed anywhere near accounts.

  6. Again, good stuff! Your on spot as always and as I go back into my accounting work again after being in IT for a while, it’s been quite helpful to follow your guidance….amazing how much I have lost touch with when not using it often enough!

    One thought also on the Procure to Pay process, noting that I do understand the time limitations, but thought it worth mentioning that the PO number we need to process invoices is just the ultimate outcome of the Procurement Process that provides Inventory, Supplies or Services for a Company. And as inquisitive accountants, it’s good to be aware that the full ‘Procurement’ process will include other important procedures and often large departments to support that properly issued PO. Those include things like the Vetting or Approval of Vendors, setting of Credit Terms (with input from other departments) and who has authority to do these things. It may also involve decisions about what goods to buy as well as negotiating Contracts and then Receiving those Goods and Services.

    Thanks again for your informative videos.

  7. Intern here in junior year. Love your videos! Gives useful insight into the profession. Thank you!!

  8. Thank you for sharing your knowledge and expertise. It is very good 😃
    Do you provide private consulting? Or accounting advice?

  9. I have a question – Does the credit control counts as well? Currently I am working as a Credit controller also I have an accounting degree too. so I was wondering whether it’ll help me to grow as a corporate controller or should I switch? Thanks.

Leave a Reply

Your email address will not be published. Required fields are marked *