Surveys show that the average North American company completes its monthly financial statement closing in six days. However, some companies can close their books in one day or less. You don’t have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better and cheaper.
Learning Objectives
• Recognize rends in financial statement closings including the Quick Close, Soft Close and Virtual Close
• Identify the improvement projects that will yield the biggest benefit
• Determine what leading edge finance managers are doing to close more quickly
Major Topics
• Review and discuss information systems” headaches that slow you down
• Work through examples of close cycle “time killers” and how to resolve them
• Get inventory and cost of sales under control
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