Shorten Month-End - Closing Best Practices

Overview

Surveys show that the average North American company completes its monthly financial statement closing in six (6) 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. Yes, to all three.

Prerequisites

None, preferably at least six (6) months of professional financial statement analysis experience. Preferably at least six (6) months experience with the monthly closing process.

Objectives

• To learn proven tactics to expedite and streamline the closing process

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