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- A bookkeeper position is the most basic entry-level accounting job one can receive in the industry. As a bookkeeper, you will use the FIFO method to record all financial business transactions that take place throughout the course of a period. Once these figures are recorded, you must use the information to balance the ledgers against all company assets to ensure that all monies are accounted for properly.
- An internal auditor within a company is in charge of overseeing the FIFO document control process from start to finish and ensuring that all accounting that takes place is done within the guidelines of federal regulations. Internal auditors are also responsible for analyzing the efficiency of the company's FIFO document control process to ensure that all accounting is running as smoothly as possible.
- Accounting directors are also in charge of FIFO document control for a company. In addition to overseeing that accounting for the company is done correctly, an accounting director is in charge of overseeing bookkeepers and other lower-level accountants and managing employee morale. They are also responsible for internal payroll and dealing with other higher-level accountants.
- The CFO, or Chief Financial Officer, is the highest FIFO document control role within a company. The CFO is ultimately responsible for the accounting processes of a firm and uses data received from accounting managers to assess the viability of the firm and make decisions to improve the overall quality of internal document control. The CFO is also usually a member of the company's board of directors and works with other top executives to maintain continuity within the company between departments.
Bookkeeper
Internal Audit Position
Accounting Director
Chief Financial Officer (CFO)
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