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How can you become a Financial Controller?

How can you become a Financial Controller?

Financial Controller

Financial Controllers role includes involvement in day-to-day transactions of the business and to update to the senior finance officers. These job roles exist in larger companies where they will require more people working in their Finance Department.

What is Financial Controllers job role?

  • Preparing financial reports
  • Analysing financial data
  • Monitoring of the internal controls
  • Monitoring and preparing income statements
  • To participate in budget processes
  • Management of financial transactions
  • To streamline the accounting operation and functions
  • Developing plans for economic growth
  • Evaluation and management of risk
  • Coordination in the audit processes

What skills are needed for the job role of Financial Controller?

  • Attention to detail
  • Teamwork
  • Administration
  • Mathematics
  • Knowledge of computerised accounting/software
  • Knowledge of business
  • Experience in finance management
  • Auditing experience
  • Compliance oriented
  • Time Management
  • Analytical skills
  • Strong leadership qualities
  • Excellent interpersonal skills
  • Communication skills

How can you become a Financial Controller?

You need excellent training. No degree is necessary for the job. Following are qualifications, they will improve your employability potential:

  • AAT accounting level 2,3 or 4
  • AAT accounting qualification (foundation, intermediate and technician levels)
  • NVQ accounting levels 2, 3 and 4
  • IAB Diploma in accounting and advanced bookkeeping Level 3
  • IAB Diploma in small business financial management Level 3
  • Degree in accounting, business or finance

What is the average salary of a Financial Controller?

  • The salary for the Financial Controller job role depends on the type of industry, size and location of the business.
  • Usually, in the start, the salary is £29,000. An average person for this role will earn around £48,000. The more experienced you are, you can earn up to £70,000.

How can KBM help?

KBM will help you to gain experience in customised accountancy courses to ensure that you can become a financial controller like:

  • Trial balance analysis & corrections
  • Month & Year-end Adjustments
  • Accounts opening Balance Adjustments
  • Depreciation, Wages Journals
  • Clearing Suspense Account
  • Adjusted Trial balance
  • Aged debtor & Creditor analysis
  • Production of Year-end Accounts
  • Control Accounts

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