The Quick Closing of Monthly and Year-End Accounts
The Quick Closing of Monthly and Year-End Accounts
$3500.00
Day One: Introduction to Financial Closing
Objectives:
Understanding the importance of quick account closures.
Understanding the basic principles of monthly and annual closing.
Identifying the most common challenges in the financial closing process.
Topics:
Definition of financial closure and its objectives.
The difference between monthly and annual closing.
Identifying best accounting practices.
Learning methods:
Interactive session (discussion and sharing experiences).
Presenting practical examples from real-life cases.
Day Two: Preparing the Financial Statements
Objectives:
Mastering the preparation and processing of financial statements for closing.
Identifying the pre-closing accounting procedures.
Topics:
Analysis of accounts and daily entries.
Reviewing balances and verifying financial compliance.
Preparing the necessary documents for the monthly closing.
Learning methods:
Practical exercises using Excel files.
Group activities to solve accounting problems.
Day Three: The Effective Monthly Close
Objectives:
Identifying the detailed steps for a quick monthly close.
Understanding how to consolidate and review accounts.
Topics:
Monthly closing checklist.
Improving financial processes to ensure speed and accuracy.
Strategies for time management during the lockdown.
Learning methods:
Case studies.
Full monthly closing process simulation.
Day Four: Year-End Closing and Final Reporting
Objectives:
Familiarity with the annual closing procedures.
Understanding how to prepare final financial reports.
Topics:
Final audit review.
Preparing the balance sheet and reports.
Final audit and approval of accounts.
Learning methods:
Analysis of case studies from multiple companies.
Individual training on report preparation.
Day Five: Financial Analysis and Continuous Improvement
Objectives:
Mastering the analysis of financial results after closing.
Identifying opportunities for improvement in financial operations.
Topics:
Using financial analysis in decision-making.
Reviewing previous operations to improve future closures.
Technical tools to assist in speeding up accounting processes.
Learning methods:
Interactive discussion on performance improvement.
Practical application of modern accounting software.
Target audience of the course:
The accountants responsible for preparing the monthly and annual accounts.
Finance managers and chief financial officers.
Anyone working in the financial field or having a role in financial closing.
Learning method:
Interactive training method:
Brief theoretical lectures.
Practical training and direct applications.
Group discussions and solving real problems.
Techniques and supporting tools:
Using accounting software (such as Excel or ERP programs).
Worksheets and electronic educational materials.
