The Quick Closing of Monthly and Year-End Accounts
The Quick Closing of Monthly and Year-End Accounts
$3500.00
Course objectives:
Introducing participants to the concept of financial closing: understanding the closing process and how to do it correctly and quickly.
Review of monthly account closing techniques: Learn the methods used in monthly closing and the importance of swift closing to ensure the accuracy of financial data.
Teaching methods for closing annual accounts at the end of the year: How to handle annual accounts and the final closure of the financial year.
Accelerating the closing process: Strategies and tools to reduce the time spent on financial closing and minimize errors.
Financial analysis after closing: Learn how to analyze financial results after the monthly and annual closing and interpret the data to guide future decisions.
Target audience of the course:
Accountants and financial auditors: The individuals responsible for financial closing in institutions and companies.
Finance managers: The people who manage financial operations within the company and need a faster and easier understanding of closing techniques.
New employees in the accounting department: Enabling them to understand the basics of financial closing and achieve speed and accuracy.
Small and medium enterprises: Companies that may not have large financial teams and need tools to increase efficiency in closing.
Learning method:
Theoretical lectures: To clarify the fundamentals and main concepts of financial closing and its techniques.
Practical workshops: Applying the tools and methods explained in the lectures through hands-on exercises.
Case studies: Using practical cases from different companies to showcase the challenges and solutions related to rapid closure.
Group discussions: Interaction among participants to exchange experiences and ideas on ways to improve closure processes.
Practical exercises: To train participants on executing quick closures using financial tools and software.
Continuous improvement strategies: How to improve processes throughout the year to achieve faster and more accurate closures.
The training course schedule:
Day 1:
Introduction to financial closing.
Objectives and importance of rapid closure.
Introducing participants to the tools and techniques of monthly closing.
Day 2 :
Monthly closure: step by step.
Improving procedures and reducing time.
Techniques and processes to reduce errors during closing.
Day 3 :
Dealing with monthly adjustments.
Strategies to expedite the financial settlement process.
Implementation of monthly account closing tools.
Day 4 :
Year-end closing: the challenges specific to the year-end closing.
Post-closure financial analysis: How is financial performance evaluated after the monthly and annual closure?
Day 5 :
Evaluation of the situation and practical applications for the participants.
How to build an effective closure plan in the organization.
Conclusion of the course with practical tips and ongoing improvement tools.
