CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Best Practices for a Quicker Financial Close

  • CPA (CA)
  • CMA
  • CPA (US)
Best Practices for a Quicker Financial Close

1 Credit

$10

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 CPE credit for Certified Management Accountants (CMA)

1 CPD credit (Verifiable) for Canadian CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

This Course is Also Available in Self Study (On-Demand)

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Course Description

Ever wondered why controllers are so keen on attaining a faster close process? This is because the best measure of controller efficiency is the accuracy and promptness of the financial close process.

The pressure on the finance function has never been higher to deliver financial results as soon as possible after the period. Having a fast and efficient close process allows the finance team to not only present the figures through reports rather they become well positioned to execute high yielding activities that can help propel the business toward success.

Managers, analysts, Boards, and investors are digesting market information in real time and are beginning to expect the same of financial results.  To meet these high expectations, the CFO and controller need to find ways to speed up their financial close processes to report the financial results before they become perceived as old news in the new world.

If achieving a faster close process was easy, all organizations would have done it. As you may very well know, this is easier said than done. Many organizations struggle with achieving a faster close without needing to increase staffing levels because for most companies their end-to-end financial process is marred with inaccuracies needing validation and tasks requiring manual input.

The financial close process includes income statement, balance sheet, statement of cash flow, operational metrics, analyses of certain reports, forecasting, and scenario simulations among other things.

In this online CPE course, Blair Cook a many-time CFO will discuss and explore ideas for shortening the financial close process.  Leading companies have found ways to close their books in as little one day and see the benefit of almost real-time analysis (in addition to the actual period financial data) that can be performed with a shorter close.  If you are closing your books and circulating your financial results beyond that, then you may benefit from attending this webinar.

Major topics covered in this online CPE webinar:

  • Challenges with achieving the fast close.
  • Ideas for speeding up your close process.
  • Change management principles to speed up the close process.

Click for more Accounting and Auditing CPE webinars

Learning Objectives

  • To identify the rationale for achieving a fast close and the barriers that stand in the way.
  • To discuss strategies for achieving the fast close using people, processes, and technology solutions.
  • To recognize how to use a change management approach to improve the financial close process

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • Assistant Controllers
  • Business Owner
  • CEO
  • Certified CPA Canada
  • Certified Management Accountant
  • Certified Public Accountant
  • CFO/Controller
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Director of Accounting
  • Finance Director
  • Finance Pros
  • Young CPA