Best Practices for a Quicker Financial Close

Overview:

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 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 course, 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.

Course Content:

In this course you will gain knowledge about the following topics:     

• Fast Close Knowledge Check
• Fast Close Final Exam
• Challenges with Achieving the Fast Close
• Ideas for Speeding Up Your Close Process
• Using Change Management Principles to Implement Improvement
• Course Conclusions
• Course Resources

Who Will Benefit: 

For anyone who would like to know more about shortening the financial close process.