London Training For Excellence Fast Closing Monthly and Year-End Accounts London Training For Excellence
Price: OMR 1,887
Instructor led live virtual classroom online. Classes may be individual or in group.

    Course details

    Overview
    Month and year-end closings are the ultimate processes of finance where the efforts spent during the period materialise in accurate and timely reports. It is important that such valuable information is developed at a cost that is justified by the benefits gained. Hence  organisations need to always identify inefficiencies in the closing process and apply continuous improvement. This course provides several tools for process analysis and improvements related to closing the books quickly and efficiently.

    Objective
    By the end of the courseparticipants will be able to:
    • Describe the different types of closing and list the main activities in the closing cycle
    • Utilise assessment tools to pinpoint the disconnect between finance and internal users
    • List the steps needed to carry on process improvements in finance and identify the need for closing process redesign
    • Practice using process maps to identify closing inefficiencies and present improvement recommendations
    • Apply best practices and enhance the monthly closing procedures

    Who Should Attend
    • Accountants
    • Bankers
    • CEOs
    • CFOs
    • Business and finance managers
    • Other managers and supervisors

    Course Outlines
    Challenges to fast closing monthly and year end accounts
    •   Critical role of the finance function
    •   The finance function as Trojan horse
    •   Redefining the close cycle and redesigning the finance function
    •   Improving the finance process
    •   Implementing a process improvement project
    •   Applying an enhanced operating cycle
    •   Redefining the role of the finance manager
      Updated on 19 August, 2024

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