Team Leader Finance vs plant controller which is better
Differences Between Finance Manager and Plant Controller or Regulator
Financial managers and directors are responsible for the financial position of their organizations. The two functions are similar, but financial managers are often involved in corporate finance management while directors focus on accounting and reporting. The formal educational requirements for both of them are similar: bachelor's degrees, perhaps even major in business, and, in many cases, master's degrees in business management.
Finance Manager
A financial manager can be involved in a wide variety of activities, all of which help the organization meet its financial needs. He or she may be involved in managing the company's short-term or long-term investment. For example, he may be obliged to invest more money in his employer's bank at banks that offer better overnight interest rates. Another financial manager may negotiate financial terms for a new contract with a partner in another company. Financial managers may be involved in arranging security releases or consolidation and acquisition. They received an annual income of $ 125,080 in May 2017, according to the U.S. Bureau of Labor Statistics; half of the financial executives did less than this figure, and half did more.
Controller
The main function of the controller is to prepare financial reports that summarize or predict the financial position of the organization. At times, the controller assisted the company's external auditors in preparing the annual report. The regulator will also be responsible for preparing special reports for regulators, organs of state and banks. Typically, the controller directs the accounting function of the company and conducts internal audits. In most cases, control reports are prepared by the company's management team. The annual fee for financial regulators was $ 79,782 in April 2018, based on a PayScale.com survey.
Workplace
Qualified financial managers and trainers work in organizations of all kinds. Banks, investment firms and insurance companies often hire those financial experts at all levels. Non-profit organizations, with their many fundraising activities and grant programs, have to devote most of their time to financial reporting and reporting. Businesses of all sizes hire auditors, other financial staff and accountants to compile financial statements and work on tax reporting. Financial managers and regulators also work in government, state and local offices.
Learning Requirements
Bachelor's degrees with a strong foundation in business management can be a low educational requirement for both financial managers and administrators. A finance manager with a master's degree in business management, with a focus on finance, can be on the fast track to a higher corporate level. A corporate regulator who is also a certified public accountant will be able to find work in a wide variety of organizations: corporations, financial institutions and government agencies.