Financial Reporting Manager Career Guide and Counseling

Question: Find email of Wanna Lo, CGA, Manager of Financial Reporting, CCL Label, Toronto?

Answer: Try this ... wlo@ccllabel.com

Question: Need help with an interview - Group Financial Manager? the attributes i'm looking for : Young Accountant demonstrating professionalism, focused on ethics, combination of theoretical skills and real world practical skills, safeguard the integrity of financial statements, need to have a global mind-set, transparent financial reporting based on a robust set of internationally accepted standards Please help me with 3 questions I can ask the candidate to psychometricly test if he/she has above mentioned attributes -god- I'm recruiting somebody for my Company -gem- The "gobbledy-****" means everything to me and my organization.

Answer: First, I hope you realize that the term, "Young Accountant" is setting you up for a lawsuit. It is illegal to discriminate against those 40 or over, in the US. As for the rest of the questions, what you should do is go and sit down with the Controller/CFO and ask them what exact things they need in this position. Everything you stated is HR gobbledy-**** and has no real meaning. Any degreed accountant will have "theoretical" skill. Real world practical skills would come from previous jobs. And the rest is BS. A good recruiter looks for keywords on resumes, a GREAT recruiter talks to the people that are doing the job, or have done the job, or will manage the job and finds out what the BS terminology really means

Question: The company I work for is changing who I report to from the VP of Financial Services to someone only 6weeks? Im their Systems Financial Manager and handle all their Accounts Payable's and a list of other stuff. They are having me report to a new AR manager who has only been here 6 weeks and doesnt know much about her job ? My old boss who I did report 2 was the VP of Financial Services. I know more about the job then this new employee b/c I've been here for 2 years why would they do that??

Answer: It is sometimes difficult to understand changes in bosses. Some companies make good choices, others don't. You will be judged on your loyalty and efforts. I would interpret that the VP you reported to has too much work and needs to spend less time involved in day to day details. Your new boss may not know as much, but the company also probably looked at you and realized you were knowledgeable and didn't need a lot of supervision. Keep your new boss informed, don't get in turf wars, seize this opportunity to shine.

Question: what are the pitfalls of having to many employees report and refer directly to the same manager? Please take this question seriously, we are in the agricultural business. we are examining the disadvanted of having many of our staff report directly to the genral manager. There is no seperate departments. However, their is a seed and pesticide unit. Field agronomists, accountants, financial manager, and branch managers, but no one reports directly to anybody except tothe general manager. the manager handles it well, but we need to justify that there are better way to do things.

Answer: Problem you may face is that the general manager is so busy organising the staff that there is precious little managing being done. On the surface it may seem to work. Just check if it's not affecting the general efficiency of the organisiation. If everybody does the same thing all the time and knows what they're doing, it may not be a problem.

Question: Who does a Financial Accountant report to? I see a Managerial Accountant reports to the managers of a company, what about Financial Accountants? Who do they give their reports to?

Answer: Financial accountant has to prepare reports for the management of the company. They prepare financial statements like balance sheet and profit & loss account which after board's (management) approval is shown to the various shareholders, banks, govt. tax departments and other readers & analysts. Hope i helped you. Thanx.

Question: How does information from financial reports influence business decision making? How does information from financial reports influence business decision making? Why is it important for business managers to understand the information found on financial reports?

Answer: Financial reports allow business managers to see current numbers compared to years prior. It will allow them to see growth or loss. It let's them know where the company stands in the "market place" and what percentage of consumer spending in that market place is being spent on that company. It also helps in forcasting - the fortune teller responsibility - the BM looks at the years prior and sees that an increase or decrease is approaching and can order stock more efficiently. For instance - a BM at Home Depot - he will look at financial reports to see when is the best time for snow blowers to hit stores in the New England area as opposed to the same item to hit stores in the Mid West. It also allows the producers of said snow blowers to see if they can take a price increase on the product in a given year and what time of year would it be best received by the consumers. Hope this helps.

Question: How does information from financial reports influence business decisions? And why is it important for business managers to understand the information found on financial reports?

Answer: At a minimum, it provides net income, which can help a company determine if investment in new business is affordable.

Question: can i get sample of daily,monthly & financial reports? i am a financial manager i want samples of daily,monthly & finanl reports ( Yearly ) for our trading company & realstate company.

Answer: IF you are a financial manager then you would have access to previous copies of this information on file. And frankly if you need samples, what kind of financial manager are you?

Question: How does information from financial reportsinfluence business decisions? How does information from financial reports influence business decisions? Why is it important for business managers to understand the information found on financial reports?

Answer: Financial reports tells us whether a business is profitable, have enough cash to meet cash flow requirements, and if it is performing better or worse than before among other things. With cash flow for example knowing that you don’t have enough cash in the bank to meet the coming outflow of cash means a decision is to be made how to get cash into the bank. The business can mature a certificate of deposit earlier than expected or take a cash advance out from a credit card. The reports will also tell you whether the business can afford paying early withdrawal penalty or the 10% interest rate on the cash advance. Relationships among information on the report (key ratios) tell other things like your Return-on-Asset (ROA), inventory management, or if you are getting something back from what you spent to market your business.

Question: which one of the following would be an example of an external user of financial reports? 1) supermarket manager looking at the cost overrun report from the deli department 2) loan officer looking over the financial statement of a loan applicant 3) an employee who takes financial data and complies it into report from for use by his supervisor 4) a manager of a company who requests that internal financial reports be presented to him in a specific format

Answer: 2. The loan officer does not work at the company whose statement he is analyzing. He is "external" to that company. All the rest work for the same company.