Accounting Manager's Guide to a Fast Close Part 1 (Currently Unavailable)

Author: Ron Rael

The average finance team takes up to nine days to close the books on a normal month. Meanwhile, the company could be losing out on opportunities or fixing what is not working by having access to financial results quicker.

Many controllers and accounting managers believe that they cannot close faster, yet the truth is any finance department can speed up the close process. This session provides the high level road map you need to close in days instead of weeks.

Publication Date: October 2015

Topics Covered

• Fast close vs. traditional close.
• Overcoming the perception that a fast close is impossible.
• Assessing the needs and wants of management.
• Getting the team to buy-into the transformation.
• Action plan for a better close.

Learning Objectives

• Assess the reasons that you cannot close faster.
• Identify the roadblocks that make a fast close possible.
• Redefine what a month-end close really means.
• Define the informational needs of managers and executives.
• Structure a global process that fosters a faster close.

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
Basic knowledge of Closing the Books

Advance Preparation
None