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Fast Closing Monthly and Year-End Accounts

Program Objectives:

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

  • Appreciate the importance of fast closing on company-wide operations.
  • Develop closing processes and document how-to tasks.
  • Improve understanding of departmental requirements for financial reporting.
  • Provide faster and more accurate data for monthly and year-end closing. .
  • Enhance communication with internal and external clients.

    • This Program is designed for:

    Accountants, finance managers, financial controllers, management accountants, general ledger accountants, accounts receivable and accounts payable accountants, senior accountants and assistant accountants. Prerequisites: None.
    Duration : 5 days

    Program Outline:

    Fast Closing Defined Planning the Fast Close Process
  • Closing Effectiveness and Efficiency
  • Importance of Fast Closes
  • Tools Used in Fast Closing
  • Defining the Finance Function Stakeholders
  • Identifying Objectives
  • Selecting Key Performance Indicators - KPIs
  • Mapping the Fast Close Process
  • Resource Allocation
  • Using Benchmarks
    • Departmental Communication and
    Fast Closing     		Operational Implementation of Fast
    Close Project
  • Internal Advantages
  • External Advantages
  • Intradepartmental Efficiencies
  • Pre-Close Process
  • Implementation of Fast Closing Tasks
  • Using Worksheets
  • Monitoring and Documentation
    • Developing a Fast Close Tactic Fast Close Financial Reporting
  • Monthly and Annual Close Requirements
  • Setting-Up a Plan
  • Organizing Fast Close Resources Needed
  • Implementation
  • Control
  • The Need for Special Reports
  • Design and Implementation
  • Distribution of Output
  • Follow-Up Meetings

    • Pre-requisites

    None:
    Duration : 3 days

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