COURSE OVERVIEW

 

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using “MS-Excel” application. 

 

Closing the month-end books followed by the issuing of financial statements as fast as possible is one of the most common-and time-consuming-challenges controllers face. Depending on the company, the process can take anywhere from four days to as long as five weeks. This course will help participants to shrink the closing interval down to just one day. 

 

The course presents successful, field tested principles of accounting for issuing financial statements for multidivisional companies. Included flowcharts and checklists to help participants avoid delays and bring accounting department closing procedures up to date, the course straightforwardly illustrates how companies can close their financials quickly enough to issue statements within Sarbanes-Oxley’s rigid time frame. 

 

Offering a compelling case for ending slavery to the month-long closing process, this course shows accountants how to get it done efficiently, with authoritative discussion of shifting the timing of closing activities out of the core closing period; reducing the contents of the financial statements; standardizing the chart of accounts; centralizing accounting functions; streaming the commission calculation process; and much more.