What is definition of controllership?

Controller ship refers to the process of managing, supervising, and directing the financial operations of a business or organization. Controllership involves implementing financial policies and procedures, analyzing financial data, and providing guidance to senior management on financial matters. The primary goal of controllership is to ensure that an organization's finances are managed effectively, efficiently, and in compliance with relevant laws and regulations. The controller is the key person responsible for controllership in an organization, and is responsible for overseeing financial reporting, budgeting, internal controls, audits, and risk management. The role of the controller is critical to the success of any organization, as they are responsible for ensuring that financial decisions are made based on accurate and reliable financial data. Controllership is a vital function in businesses of all sizes and across all industries.