Shorten Month-End: Closing Best Practices

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 donÆ’?Tt have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better and cheaper. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

Some month-end closing experience is helpful

Objectives

Gain ideas that will help your organization perform it's month-end closing faster, better and cheaper.

Highlights

• Trends in financial statement closings including the Quick Close, Soft Close and Virtual Close
• Review and discuss information systemsÆ’?T headaches that slow you down
• Work through examples of close cycle Æ’?otime killersÆ’?? and how to resolve them
• Get inventory and cost of sales under control
• Identify the improvement projects that will yield the biggest benefit
• Review what leading edge finance managers are doing to close more quickly