Fast close : a guide to closing the books quickly

✍ Scribed by Steven M. Bragg

• Publisher: Wiley
• Year: 2009
• Tongue: English
• Leaves: 227
• Edition: 2
• Category: Library

✦ Synopsis

Sarbanes-Oxley requires a faster delivery of the 10-Q, so everyone is scrambling to find ways to release financial information and statements sooner. Also, this is a major efficiency issue for the accounting department, which can get bogged down in financials issuance for weeks. This book will provide flowcharts and checklists to help avoid delays and bring accounting department closing procedures current, so companies can close the financials quickly enough to issue statements for the new requirements. �Read more...

Abstract: Sarbanes-Oxley requires a faster delivery of the 10-Q, so everyone is scrambling to find ways to release financial information and statements sooner. Also, this is a major efficiency issue for the accounting department, which can get bogged down in financials issuance for weeks. This book will provide flowcharts and checklists to help avoid delays and bring accounting department closing procedures current, so companies can close the financials quickly enough to issue statements for the new requirements

✦ Table of Contents

Content: Your current closing process --
Conducting a review of the closing process --
Alter the timing of closing activities --
Revise the contents of the financial statements --
Optimize the use of journal entries and chart of accounts --
Standardization and centralization --
Closing the inventory function --
Closing the billing function --
Closing the payroll function --
Closing the payables function --
Closing the cash processing function --
Impact of automation on the closing process --
Closing the books of a public company --
Controls for financial reporting --
Ongoing improvements in the closing process.

✦ Subjects

Controllership -- Handbooks, manuals, etc. Financial statements -- Handbooks, manuals, etc. Bookkeeping -- Handbooks, manuals, etc. Corporations -- Accounting -- Handbooks, manuals, etc. BUSINESS & ECONOMICS -- Bookkeeping. Bookkeeping. Controllership. Corporations -- Accounting. Financial statements.