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Best Practices for a Quicker Financial Close

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Before starting this self study program, please go through the instructional document.

Overview

  • Feeling the pressure to close faster
    3 mins
  • Ideas for achieving the fast close
    10 mins
  • Pro-close preparations
    16 mins
  • Making it happen
    28 mins
  • Institutionalize continuous improvement
    43 mins

Course Description

The pressure on the finance function has never been higher to deliver financial results as soon as possible after the period. 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. 

In this webinar, Blair Cook, a many-time CFO, will explore ideas for shortening the financial close process. Leading companies have found ways to close their books in as little as 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.

Key Topics included:

  • Identify common areas that lead to inefficiency in the financial close process.
  • Strategies can be used to speed up close process.
  • Using a change management approach to getting the necessary changes implemented and have them stay implemented.

Learning Objectives

  • To identify factors that slow down the financial close process
  • To develop strategies for speeding up the financial close process.
  • To develop a plan for implementing the business process improvement addressing the change management issues.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Certified Management Accountant
  • Certified Public Accountant
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

4.3

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67%
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JK

About 80% into the course, I received an onscreen message that said something like: "an error has occurred, the system is rebooting." The seminar then started again from the beginning. Not a great result....