The Controllership Series - The Role of the Controller in ESG

Overview

Why do for profit organizations exist??? To make money!!!!! What a great concept. But if the organization does not have the proper collections and credit procedures in place, they may not be able to access that money. Hence the importance of the credit and collection process.

Credit and collections are critical areas for the financial statement controllers. Customer credit is a form of payment that allows small business customers to purchase a product or service before paying for it in full. The process works similarly to the way a credit card does - you procure something and pay it back later. Collections is a term used by a business when referring to money owed to that business by a customer. When a customer does not pay within the terms specified, the amount of the bill becomes past due and is sometimes submitted to a collection agency.

The sales and collection process includes business activities related to selling products and services, maintaining customer records, billing customers, and recording payments from customers. It also includes activities necessary to manage accounts receivable, such as aging accounts and authorizing credit.
This course delves into the topics that impact the sales, credit and collections process for management. We discuss strategic steps management can take to ensure their processes are efficient and that they are able to actually collect their revenue.

Highlights

Accounting
Finance
SG
Operations

Prerequisites

None

Designed For

Controllers, Accountants, Finance Professionals, Auditors

Objectives

Explore and examine the proposed SEC rule
Discover and evaluate the need for an ESG Controller
Explore and examine operationalizing ESG disclosure
Recognize and review ESG Controller responsibilities
Recognize and review ESG Controller skills
Identify Traits for an ESG Controller
Recognize and review an ESG Controller example job description
Explore and examine an ESG team and structure
Identify and examine practical steps for operationalizing ESG