Excellence in Closing of Month and Year End Accounts

Excellence in Closing of Month and Year End Accounts

Introduction:

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

Becoming efficient and effective in fast close processes, policies and systems has become fundamental for every organization. This course will help you achieve excellent fast closing goals. It will help you focus on business forecasting and budgeting through up-to-date approaches and techniques.It will cover both fast-close principles applied to the closure of your company’s local ledgers as well as the process of consolidation across the multiple companies making up your group.

Objectives:

After attending this course, participants will be able to:

1. Work and analyze financial data in their companies.
2. Apply best practice for local fi­nancial close group reporting and consolidation.
3. Avoid common mistakes in local financial close group reporting and consolidations.
4. Improve their processing in inter-group transactions and allocations.
5. Save processing time for the purpose of analysis and evaluation.
6. Provide data more quickly for analysis and decision-making.
7. Conduct a more accurate forecasting and planning processes.

Content:

Module 1:

1. What do we mean by end-year closing?
2. Important methodology for improvement.
3. The benefits of internal and external fast closing.
4. Necessary financial adjustments.

Module 2:

1. Balances calculations.
2. Businesses accounting databases.
3. Managing a fast close project.
4. The diagnostic process.
5. The close cycle tools and techniques during the diagnosis phase.

Module 3:

1. Approaches of design and implementation.
2. The read map development.
3. Thenew process implementation.
4. Using systems to support fast close.
5. General ledger and local transaction systems.
6. Group reporting and consolidation systems.

Module 4:

1. The last mile of ­finance.
2. Howsystems can help?
3. Case study.
4.  

Who Should Attend?

Thoseinvolved in:

1. Fi­nance.
2.  
3. Financial control.
4. Fi­nance and information systems.
5. Fi­nancial accounting.
6.  
7. Fi­nancial consolidation.
8. External reporting Enterprise Performance Management.