The related graph contrasts examples of responsibilities, positions and time allocations. The actual allocation and assignment of responsibilities will depend on the size, complexity and culture of each company. Therefore the image portrays relationships between strategic, tactical and clerical functions. A one person shop will blend all three. The important lesson is that someone must be addressing each of the areas. If strategy is overlooked, long term dangers may not be identified. If tactical is overlooked, regular reporting and control functions may be overlooked and deadlines missed. If clerical is overlooked, detailed transactions will be missed or inappropriately categorized. The following are example areas of responsibilities for each position.
CFO: Board interaction, Strategic Goals, Vision, Conference Calls, Interpretation
Controller: Reporting, Internal Control, Analysis, Managing, Systems, training
Supervisory: Manage daily work, employee issues, production summaries
Clerical: Bookkeeping, filing, detail transaction information / research
Jim Lindell
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