Controller’s Role in Creating Reports

5 Credits: Accounting


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Controller’s Role in Creating Reports

Course Level
CPE Credits

5 Credits: Accounting

Course Description

Creating reports is an essential skill for the controller – the quality and content of your reports is one of the benchmarks by which the accounting department will be judged. This course covers the preparation of financial statements, management reports, public company financial reporting, and closing the books. Each section walks you through the necessary steps to create accurate, reliable, informative reports, outlining streamlined processes to save you time and effort. You’ll hone the skills needed to achieve this necessary task effectively and efficiently.

This course covers material also contained in The New Controller Guidebook.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize terminology, steps, and key issues associated with the process of closing the books and issuing financial statements.

Chapter 2

  • Identify the different types of financial statements and the information reported on them.
  • Recognize how to classify assets on the balance sheet.
  • Recognize characteristics, terms, and the methods of presentation associated with the statement of cash flows and statement of retained earnings.

Chapter 3

  • Recognize the reporting requirements and issues associated with interim period information.
  • Recognize the responsible parties, tests, and key reporting requirements for segment reporting.
  • Identify the elements in the calculation of earnings per share.
  • Recognize the closing process and reporting requirements for public company reports.

Chapter 4

  • Recognize the types and associated line items of management reports.
  • Identify the elements of a variance reporting system its associated issues.
  • Calculate the selling price variance.
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Course Specifics

Course ID
Revision Date
September 26, 2022

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …