The fast close toolkit
This publication focuses on the critical methods that can be used to dramatically improve the fiscal closing process. The Record to Report (R2R) or Fiscal Closing Process is at the core of the controllership function. The process includes transaction processing, internal and external reporting, and...
| Otros Autores: | , |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
Wiley
[2020]
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| Edición: | 1st edition |
| Colección: | Wiley Corporate F&A
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009630732206719 |
Tabla de Contenidos:
- Why the continued focus on the fiscal closing process?
- Key pain points and bottlenecks
- The components of the fiscal close
- Governing the fiscal close process
- The transaction accumulation, reconciliation and sub-ledger close
- Introduction to the standards of internal control
- Roles and responsibilities during the fiscal close
- The general ledger and trial balance
- The common chart of accounts
- Cost centers
- The journal entry process
- Spreadsheet controls
- Checklists for the transaction accumulation and sob-ledger close
- Sample policies for the transaction accumulation, reconciliation and subledger close
- Process narratives for the transaction accumulation, reconciliation and sub-ledger close process
- Standards of internal control for the transaction, accumulation, reconciliation and sub-ledger close process
- Corporate close and consolidation
- The number of consolidation points
- The number of closing cycles
- Post-closing entries
- Communication and accountability
- Financial statement assertions
- Checklists for the corporate close and consolidation process
- Sample policies for the corporate close and consolidation process
- Process narratives for the corporate close and consolidation process
- Standards of internal control for the corporate close and consolidation process
- Analysis and reporting (the final mile)
- Internal reporting and external reporting
- Budgeting and forecasting
- Reduce fiscal close cycle times by moving your finance function to "dynamic" budgeting and planning
- Fixed assets and the capital budget
- The forecast process
- The fiscal close and strategic planning
- Analytics to detect financial statement fraud
- Checklists for the analysis and reporting process
- Sample policies for the analysis and reporting process
- Process narratives for the analysis and reporting process
- Standards of internal control for the analysis and reporting process
- The virtual close : myth or reality?
- Roadmap : benefits of the fast close
- Accelerating the close with automation.
