Does finance manager of a business unit viewed as “the owner of the P&L”? Saw a couple finance managers branded them with this description, but I thought P&L owner refers to the GM of that business unit. Am I wrong?

like
Posting as :
works at
You are currently posting as works at

So when I was a management accountant, I booked all the revenue and expense accruals and adjustments. My finance counterpart and I worked in tandem. So I would say, you won't control the type of revenue and expenses, but you will control the accuracy of it. Not sure if I answered the question or not but hope that helps.

What does it mean to own a P&L?

Most likely, but assume finance manager is also compensated based on ability to meet those metrics too. I guess it could vary based on the company and how they structure reporting lines?

Related Posts

If you’re interested in TAS (FDD) and would like to join a midsized firm, let me know! We’re pretty much all remote, but it ultimately depends on your home office.

like
like

Does anyone else not use Instagram? (Or one of the other super-popular social networks.) I know I should. But I just don’t care.

like

Is it common to get contacted by an MBB recruiter directly? I got approached by a recruiter for a specific practice

like

Anybody doing referrals for 6K Systems?

like

Willing to do referrals for Northrop Grumman ! Please DM me with the Workday Position you are interested in and your email / resume.

like

Hello, I’m looking for a referral for a reputable Gov. Contracting firm. Training and Development.

like

I have a friend that desperately needs to find her next role after being laid off. She’s in the HR field and from Houston. Can anyone please give me some referrals to send to her? I know it will boost her confidence right now. Thanks in advance.

Listing of firms that don’t offer lunch to their employees.

like

Anyone having experience in Redwood Finance Automation RPA tool, please comment.

like

Any advice for a pair of shoes/loafers that you can wear out of the office with slacks and also with jeans? Need a middle ground pair of shoes

like

Most insightful / difficult question someone has ever asked you about your career experience

like

I got slightly buzzed, took an Uber home, changed and got into bed before midnight. No drunk calls or texts. No drama. Is this what adulting feels like?

like

when the awful, cocky, sexist hack ECD that lost several accounts/yelled at most of leadership/committed sexual assault/talked about his boat all day/made your life miserable FINALLY gets laid off!!!!

like

Steak dinner at a nice restaurant...or Chinese takeout tonight? Solo for both...

like

What’s the salary bracket in BCG India for Senior Knowledge Analyst? Please advise…

like

Hello fishes, can someone tell me if HSBC EDP provides, work phone to it's employees? Like a seperate mobile device for work? Or can it be requested?

What is the maximum CTC we can expect for E3 band in HCL?

How is Projects assigned to laterals in HCL?

like

Who should I trade for? 12 team standard league. Feel like I have too much depth on the bench (Elijah Mitchell, Julio, diante Johnson, devonta smith) to not make a trade. I’m thinking I would probably be open to trading for a top tier wr, Rb, or tight end. Or even consider trading for a middle of the pack tight end.

Post Photo
like

Additional Posts in Accounting Exit Opportunities

When you leave, does it make a difference to companies if you made it through at least a busy season as a senior or just that you have the title? I did have some experience this year as an A2 where I split some of the senior responsibilities with the manager. However, I’m worried if I leave before busy season, companies will see that as really just being an associate.

like

Does anyone have any insights into working for Uber? I have a second round interview for the Senior Strategic Manager Compliance role coming up soon.

Uber

like

Anyone here a technology consultant at Protiviti? Recently applied for a BI role and am interested in hearing others’ experiences

like

When applying to companies, do you guys do research on the companies current economic circumstance and financial performance as an indicator of your risk assessment of job security?

like

If you put in your two weeks notice, what would you consider in making a decision if your current company countered?

like

Anyone interview with google in a non-technical role? For example, internal audit or compliance. How did the interview experience differ from other interviews you’ve had for similar roles, if at all?

like

Hi my fellow bowlers I have a question about the signing bonuse agreement. If you hand in notice 2 weeks before the signing bonus period ends but have more than 2 weeks vacation left. Would I still need to pay back DT? Or do I need to wait until the actual period end then give notice to avoid repaying?

like

I’m coming on year two in public accounting and realizing the work (IT audit/ IA) isn’t for me. What non-audit positions would I be eligible for with 2 years of experience in (senior promo in October)

like

Just applied for a financial analyst position and they have asked me to prepare a top line P&L along with a flux analysis of CY vs PY and CY vs Budget, which is straightforward and I actually think is fun! However, this is my first interview outside of public accounting, is it common to have to put together work before an interview?

like

At what point do you just give up and settle for a career? I hate my current work, but have been trying for 2 years to find something new I’m passionate about and I can’t find it.

like

What’s the difference between what auditors and advisory (FAAS) do when it comes to working on IPOs and SPAC projects?

like

People who have negotiated the salary. Can you share your experience ?

like

PwC’s accounting advisory is hiring managers and seniors. It’s a great group.

like

FP&A, Corp Dev, Strategy Finance - does anyone have any insights on these function lines (work/pay/WLB, etc.)
Background: 2.5 YOE in advisory, 120K incl. bonus

like

What is EY phone reimbursement plan?

like

Anyone who has left recently or is currently in the process of leaving B4: What general pointers do you have on going through recruiting/application/interview process? How technical were your interviews? What areas may be a good fit coming from an audit background? I'm an experienced manager, general CIPS experience in the mid-west. Hoping to leave after busy season.

like

What your treasury cash management compensation figures and YOE? What’s a logical jumping function/department to continue upward on pay scale w/in treasury? Current 9yrs and 130k TC.

like

Who has better health insurance, PwC or RSM?

Should I apply for a job and if I get an interview just say I can’t start until after busy season

like

For those that have left public to go into industry - any regrets? Kinda sad on the day telling everyone you are leaving.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal