Shorten Month-End Closing Best Practices

Overview

Description:
Surveys show that the average North American company completes its monthly financial statement closing in six days. However, some companies can close their books in one day or less. You don't have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better and cheaper.

Learning Objectives:
After attending this presentation you will be able to...

• Gain ideas that will help your organization perform it's month-end closing faster, better and cheaper.

Program Content:

• Trends in financial statement closings including the Quick Close, Soft Close and Virtual Close
• Review and discuss information systems' headaches that slow you down
• Work through examples of close cycle "time killers" and how to resolve them
• Get inventory and cost of sales under control
• Identify the improvement projects that will yield the biggest benefit
• Review what leading edge finance managers are doing to close more quickly

Who should attend: Corporate Financial Professionals

Developed By: Executive Education, Inc

Instructor: John L. Daly, MBA, CPA, CMA, CPIM

CPE Credit: 4

Field of Study: Accounting (4 CPE)

Prerequisites: Some month-end closing experience is helpful

Advanced Preparation: None

Format: QAS Self Study

Highlights

• Trends in financial statement closings including the Quick Close, Soft Close and Virtual Close
• Review and discuss information systems' headaches that slow you down
• Work through examples of close cycle "time killers" and how to resolve them
• Get inventory and cost of sales under control
• Identify the improvement projects that will yield the biggest benefit
• Review what leading edge finance managers are doing to close more quickly

Prerequisites

Some month-end closing experience is helpful

Designed For

Corporate Financial Managers

Objectives

• Gain ideas that will help your organization perform it's month-end closing faster, better and cheaper.

Preparation

None