Methodology

This course focuses on exercises, case studies, and individual and group presentations based on the issues and challenges facing the participants.

Course Objectives

By the end of the course, participants will be able to:

Describe the different types of closing and list the main activities in the closing cycle

Utilize assessment tools to pinpoint the disconnect between finance and internal users

List the steps needed to carry on process improvements in finance and identify the need for closing process redesign

Practice using process maps to identify closing inefficiencies and present improvement recommendations

Apply best practices and enhance the monthly closing procedures

Target Audience

Accountants, finance managers, financial controllers, management accountants, general ledger accountants, accounts receivable and accounts payable accountants, senior accountants and assistant accountants.

Target Competencies

Process analysis

Closing procedures

Analytical skills

Process mapping

Applying month-end and year-end closing best practices