In a previous office where I worked, there was a print hanging on the wall that showed a golf course in stormy weather with the title ‘It Never Rains on the Golf Course’. What does this really mean? Should we ignore the rain? What if it’s lightning out there? How am I to interpret the meaning of this? (I haven’t played golf since College). So, please read below.
I’ve joined Groups on Linked In. My favorite, FSN, is made up of finance people (Controllers, CFO’s, academics, writers from across the globe). We post discussions where we ponder all sorts of accounting philosophies. Right now we are talking about how to allocate overhead…..on what basis. I know that for many private company controllers, this is a non-issue. So is Sarbanes-Oxley and the Dodd-Frank Act. But here’s my advice to you. Widen your view. Subscribe to accounting websites. Join Linked-In and pick up to fifty groups you might be able to either learn from or contribute to. And, it’s free. Even if you are happy as a Controller, try to think like a CFO. The more you know, the more effective you can be and, by the way, hopefully your opinion will have greater strength.
I know you are probably overwhelmed with e-mail articles pushing the ‘five most……….’ or the ’10 worst’. It’s hard to escape. But I still read them or at least review them.
Ask yourself this question, as a controller, ‘where am I weak’. What do I need to work on? I attend many CPE classes put on or sponsored by the AICPA. You don’t have to be a member to attend (it costs a little more). Attend a class on the latest developments in Internal Control or Compilations & Reviews. Do not become out of date.
One of my most favorite stories that occurred at a business I know in a town near mine. In fact, it was a Community Bank. They hired an I.T. person. They didn’t provide any training dollars for him. Three years later they fired him. Why? He hadn’t learned to handle new developments in network engineering. A lot of I.T. people I know connect with a lot of other similarly employed I.T. people. Becoming irrelevant is a major threat to your job. And by the way, IT DOES RAIN ON THE GOLF COURSE! Too many golfers are just in denial. Are you? .