Director of Accounting vs. Controller: What Are the Differences?

A career in accounting can be both challenging and rewarding. Two common positions in this field are that of a director of accounting and a controller. Though these roles share some similarities, there are several key differences between them.

In this article, we discuss the differences between a director of accounting and a controller, and we provide additional accounting professions you may be interested in pursuing.

What is a Director of Accounting?

The Director of Accounting is responsible for the overall management and operation of the accounting department. This includes supervising accounting staff, developing and implementing accounting policies and procedures, preparing financial statements, overseeing the budgeting process, and managing cash flow. The Director of Accounting also works closely with other departments to ensure that financial information is accurate and up to date. In larger organizations, the Director of Accounting may report to the Chief Financial Officer.

What is a Controller?

Controllers are responsible for ensuring that an organization’s financial records are accurate and up to date. They oversee the accounting department and staff, and they may also prepare financial reports and statements. In larger organizations, controllers may also be responsible for developing and implementing financial policies and procedures. They may work with auditors to ensure that the organization’s financial statements are in compliance with generally accepted accounting principles. controllers typically have a bachelor’s degree in accounting or a related field.

Director of Accounting vs. Controller

Here are the main differences between a director of accounting and a controller.

Job Duties

Directors of accounting are responsible for overseeing all aspects of an organization’s accounting practices. This includes creating and implementing policies, managing staff members and ensuring that the company follows all financial regulations. Accounting directors rarely involve themselves in the actual creation or analysis of financial documents. Instead, they ensure that other employees complete these tasks correctly.

Controllers perform many of the same job duties, but their work focuses primarily on the financial side of an organization. Controllers create budgets, monitor spending and compile reports on a daily basis. They often work closely with other managers to provide them with important financial information. Because of this close relationship, controllers are usually the first employees to know about major changes to an organization.

Job Requirements

The education requirements for a director of accounting and controller are similar, as both positions typically require a bachelor’s degree in accounting or a related field. Some employers may prefer candidates with a master’s degree in business administration (MBA) or a Certified Public Accountant (CPA) license. However, these credentials are not always required.

In addition to their educational background, directors of accounting and controllers must have several years of experience working in an accounting or finance role. They should be familiar with Generally Accepted Accounting Principles (GAAP) and have strong analytical and problem-solving skills. Directors of accounting and controllers must also be able to lead and manage a team of accountants effectively.

Work Environment

Directors of accounting typically work in an office environment, but they may also travel to meet with clients and vendors. They often have a team of accountants working for them who report directly to them. Controllers usually work in an office environment, but they may also travel to visit different locations where their company has operations.

Skills

Both directors of accounting and controllers use financial skills to perform their jobs. This includes an understanding of financial statements, Generally Accepted Accounting Principles (GAAP) and internal controls. They also both use analytical skills to examine financial data and identify trends.

However, there are some key differences in the skills they use. A director of accounting may need more interpersonal skills as they often oversee a team of accountants. This means they need to be able to communicate effectively, provide feedback and resolve conflicts. They also may need project management skills to plan and implement new accounting initiatives.

Controllers typically do not manage a team of accountants, but they may manage other finance-related employees, such as budget analysts. As a result, they also may need interpersonal and communication skills. In addition, controllers may need more technical skills than directors of accounting as they often are responsible for developing and implementing accounting systems and procedures.

Salary

The average salary for a director of accounting is $128,451 per year, while the average salary for a controller is $127,160 per year. Both of these positions may see their salaries vary depending on the size of the company, the location of the job and the level of experience the employee has prior to taking the position.