Top 10 important words and phrases for Cook Cafeteria

Top 10 important words and phrases for Controller -Finance Introduction: The Role of a Controller Hello everyone! Before we dive into the vocabulary, let's understand the critical role a Controller plays in an organization's financial landscape. A Controller is responsible for overseeing the accounting and financial operations, ensuring accuracy, compliance, and providing insights for decision-making. 1. General Ledger The General Ledger is the central repository of all financial transactions in an organization. It's like a comprehensive financial diary that records every entry, from revenue to expenses, providing a holistic view of the company's financial health. 2. Cost of Goods Sold (COGS) COGS refers to the direct expenses incurred in producing or acquiring a product or service. It includes raw materials, labor, and other directly attributable costs. Understanding COGS is vital for pricing decisions and assessing profitability. 3. Cash Flow Statement While the Income Statement shows the company's profitability, the Cash Flow Statement tracks the actual movement of cash in and out of the business. It's crucial for monitoring liquidity, identifying potential cash crunches, and planning investments. 4. Variance Analysis