By attending this course you will develop an in-depth understanding of fast close processes, policies and systems and how to improve your current close processes and systems to achieve world class fast close goals. You will improve data quality and free up your finance staff to focus on activities that add greater value to your organisation, such as business partnering, focusing on business forecasting and budgeting and participating in new project initiatives.
The course is comprehensive across the whole supply chain of information needed to achieve consolidated financial results. It will cover both fast close principles applied to the closure of your company’s local ledgers as well as the process of consolidation across the multiple companies making up your group. You will also cover the appropriate best practices in quality control in recording transactions in the subsidiary, closing the books monthly and performing the group wide consolidation.
Furthermore, the course will include skill building that will allow you to identify necessary improvements and measure resource needs and time lines for components of a closing process across the total information supply chain.
There is no doubt that the faster availability of data will have a knock-on efficiency effect throughout the organisation:
More effective performance management based on better quality data
Cost savings through better and faster decision making
Free up expensive finance resource from the “actuals close treadmill” to allow better and faster forecasting and more effective partnering with your business functions
