Shorten Month End: Closing Best Practices 26-27

Overview

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.

Highlights

• 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

Prerequisites

none

Designed For

Corporate financial managers

Objectives

• Recognize rends in financial statement closings including the Quick Close, Soft Close and Virtual Close
• Identify the improvement projects that will yield the biggest benefit
• Determine what leading edge finance managers are doing to close more quickly

Preparation

Participants should have at least six months of industry or public experience and a thorough knowledge of financial accounting principles and practices. Management experience will be helpful.

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).