Books+ Search Results
The fast close toolkit
Title
The fast close toolkit / Christine H. Doxey.
ISBN
9781119554448
1119554446
9781119554523
1119554527
9781119554431
1119554438
9781119554493
Publication
Hoboken, New Jersey : Wiley, [2020]
Physical Description
1 online resource
Local Notes
Access is available to the Yale community.
Notes
Includes index.
Description based on online resource; title from digital title page (viewed on February 12, 2020).
Access and use
Access restricted by licensing agreement.
Summary
"Fiscal closings are controlled by statutory, regulatory, and compliance requirements. Global organizations are required to support reporting with multiple accounting standards, and new legislation requires new systems and processes. The information age has created a class of investors and shareholders who expect fast and easy access to the data created by current business activities. This book provides a "toolkit" approach that presents both strategic and tactical suggestions that can help dramatically improve the fiscal closing process. This book: Defines the Record to Report (R2R) and fiscal close process flow; Identifies KPIs for R2R process; Defines the bottlenecks within a company's financial close process; Provides the best practices to improve a company's fiscal closing process; Provides the mechanism to develop a financial close scorecard; Defines a R2R and fiscal close benchmarking approach; Defines a risk management approach for the fiscal close process; Offers the internal controls to use for the end-to-end fiscal close process"-- Provided by publisher.
Variant and related titles
O'Reilly Safari. OCLC KB.
Other formats
Print version: The fast close toolkit Hoboken, New Jersey : Wiley, [2020]
Format
Books / Online
Language
English
Added to Catalog
November 04, 2020
Series
Wiley corporate F&A
Contents
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.
Subjects
Genre/Form
Electronic books.
Bookmark As
Citation
