Building Cedar Roofing And Siding Shingles

1400 Words Sep 1st, 2014 6 Pages
The ABC Company is a manufacturing company that specializes in making cedar roofing and siding shingles. The company has plans on expanding its business to include building cedar dollhouses. A controller is an individual who has responsibility for all accounting-related activities within a firm. In most organizations, the controller is the top managerial and financial accountant. The controller supervises the accounting department and assists management in interpreting and utilizing managerial accounting information. As being the new controller of the company, I have been assigned to oversee a new plan that was presented by the CEO. The plan is to reach the $3 million mark over the next three years. This plan will bring risk and challenges for the company that will include cost and labor increases. The report that I will present to the CEO will include information for the risk profile, cash flow, and the cost of products and investments that will enhance the profits. The extra added materials that the company will have to add to its inventory will be a risk and other factors that are associated with the current market conditions will presented in the risk profile for the company. Risk, as we know, are the reality of the business whether it be a private company or public and whether it will be big or a small company, there will always be chances to take with no promises. The cash flow risks consist of inventory, and payroll since both of these are a big part it. The…
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