Over the last decade, the role of the controller has shifted from a strictly debits and credits,
compliance, and reporting job, to a significantly more strategic role, as our recent survey shows
However, according to a report from Deloitte, most controllers still spend 70 percent of their time on traditional tasks, such as closing the books and compliance with accounting standards.
With FASB’s update to lease accounting standards, ASC 842, controllers have the perfect opportunity to become more of a strategic partner by working more closely with the rest of the organization to build better processes. See how in my latest article.