Fast Closing Month-end & Year-end Accounts

This program provides an in-depth overview of the “Fast Close” process, which is the ability of a modern, global organization to rapidly close the accounting books, collect, consolidate and, then, publish its financial statements. This process is widely viewed not only as an indicator of management’s abilities to execute its strategic plan in light of the availability of fast, reliable financial information, but also a proxy for good, well-implemented corporate governance. This program will also review the mounting concerns and evidence that the “Fast Close” process, after a long period of sustained improvement, is now in a period of decline, due in large part to the impact of compliance, new accounting and reporting standards and the sheer increase in the volume and complexity of financial information that needs to be consolidated and reviewed.

By attending and participating in this program, delegates will be provided with an overview of the concepts and methodologies associated with the fast close process and gain insightful practical knowledge by being able to:

• Understand the importance of the fast close process on financial and operational decision-making within an organization
• Examine fast close processes, strategies, and best practices as well as consideration of organizational documentation policies and procedures
• Understand the importance of departmental requirements for financial reporting as well as the need for on-going improvements to the closing process

Provide faster and more accurate data for monthly and year-end account closings with the goal of enhancing communication with internal and external financial statement users

• Financial controllers, finance managers, and accounting professionals responsible for month-end and year-end closing processes
• Financial reporting specialists and accountants involved in consolidation and preparation of financial statements
• CFOs, finance directors, and senior finance leaders seeking to improve speed and accuracy of financial reporting
• Internal auditors and compliance professionals involved in reviewing financial reporting controls and processes
• Shared service center staff and finance operations teams managing closing cycles across multiple entities
• ERP system users, finance transformation teams, and professionals involved in process automation and optimization
• Business analysts and management accountants supporting financial reporting and decision-making
• Professionals aiming to improve efficiency, accuracy, and governance in financial close processes