Fast-Closing Monthly and Year-End Accounts

Why Attended

Month and year-end closings are the ultimate processes of finance where the efforts spent during the period materialize in accurate and timely reports. It is important that such valuable information needs to be developed at a cost that is justified by the benefits gained. Hence, organizations need to always identify inefficiencies in the closing process and apply continuous improvement. This course provides several tools for process analysis and improvements related to closing the books quickly and efficiently.

This course focuses on exercises, case studies, and individual and group presentations based on the issues and challenges facing the participants.

Course Objectives

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

Describe the different types of closing and list the main activities in the closing cycle
Utilize assessment tools to pinpoint the disconnect between finance and internal users
List the steps needed to carry on process improvements in finance and identify the need for closing process redesign
Practice using process maps to identify closing inefficiencies and present improvement recommendations
Apply best practices and enhance the monthly closing procedures

Target Audience

Accountants, finance managers, financial controllers, management accountants, general ledger accountants, accounts receivable and accounts payable accountants, senior accountants and assistant accountants.

Target Competencies

Process analysis
Closing procedures
Analytical skills
Process mapping

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Fast-Closing Monthly and Year-End Accounts

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