Fast Closing Monthly and Year-End Accounts

Introduction

The training course ” Fast Closing Monthly and Year-End Accounts ” provides an in-depth overview of the “Fast Close” process

Which is the ability of a modern, global organization to rapidly close the accounting books, collect, consolidate and, then, publish its financial statements.

This process is widely viewed not only as an indicator of management’s abilities to execute its strategic plan in light of the availability of fast, reliable financial information, but also a proxy for good, well-implemented corporate governance. This program will also review the mounting concerns and evidence that the “Fast Close” process, after a long period of sustained improvement, is now in a period of decline, due in large part to the impact of compliance, new accounting and reporting standards and the sheer increase in the volume and complexity of financial information that needs to be consolidated and reviewed.

Course Objectives

By the end of this training course, participants will be able to:

Understand the importance of the fast close process on financial and operational decision-making within an organization
Examine fast close processes, strategies and best practices as well as consideration of organizational documentation policies and procedures
Determine the departmental requirements for financial reporting and the need for on-going improvements to the closing process
Provide faster data for monthly and year-end account closings with the goal of enhancing communication with financial statement users

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