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Home » Courses » Finance & Accounting » Fast Closing Month-End & Year-End Accounts
5 Days
Training
Date Venue Fees(USD) Book your seat
01 - 05 Jul 2019 London - UK $5,950 Book Now
02 - 06 Sep 2019 London - UK $5,950 Book Now
24 - 28 Nov 2019 Dubai - UAE $5,950 Book Now

Why Choose this Training Course?

This finance & accounting training course provides an in-depth overview of the ‘Fast Close’ process, which is the ability of a modern, global organization to rapidly close the accounting books, collect, consolidate and, then publish its financial statements.

The ability of a company to produce its financial statements quicker has a variety of benefits such as being able to meet strict stock exchange regulations, being able to produce more timely information for strategic decisions, reducing costs, giving more time for review of the financial statements before they are published to reduce errors or strategic information being made available to competitors. This process is an indicator of management’s ability to execute its strategic plan in light of the availability of fast, reliable financial information, and also a proxy for good, well-implemented corporate governance.

This AZTech training course will feature:

  • The different types of fast close and benefits
  • The development of the fast close process and identifying roadblocks
  • Change management and technological issues of a  fast close
  • Measuring and benchmarking the fast close process
  • Financial reporting issues including converting to IFRS and disclosure requirements

What are the Goals?

By the end of this AZTech training course, participants will be able to:

  • Examine fast close processes, strategies and best practices
  • Consider organizational documentation policies and procedures
  • Understand the importance of fast close process on financial & operational decision-making
  • Provide faster and more accurate data for monthly and year-end account closings
  • Understand the importance of departmental requirements for financial reporting

Who is this Training Course for?

This AZTech training course is suitable to a wide range of professionals but will greatly benefit:

  • Any professional involved in the preparation of financial statements, including financial controllers, finance managers, senior accountants, management accountants, general ledger accountants and assistant accountants, and accounts receivable and accounts payable accountants and assistant accountants
  • Professionals acting upon the financial decisions of others, who will gain an appreciation for the fast close process
  • Financial systems analysts
  • Financial and operational business re-engineering professionals
  • Professionals who are held accountable for financial performance and the integrity of financial and information systems

How will this Training Course be Presented?

This AZTech training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course is interactive and challenges one to think. The tutor will guide and facilitate learning, using direct input, discussions, case studies, exercises and video.

The Course Content

Day One: Introduction to Fast Close Concepts

  • Different types and benefits
  • Steps needed to achieve a fast close
  • Analyzing and reviewing the current closing process
  • Redesigning the closing cycle
  • Finance function stakeholders, redesign and solutions

 

Day Two: Developing a Fast Close Strategy

  • Examining closing activities and requirements
  • Best practices in attaining fast close, soft close and virtual close
  • Optimizing charts of accounts and journal entry requirements
  • Organizing corporate resources to achieve fast close
  • Identifying potential roadblocks

 

Day Three: Managing Change and Utilizing Technology

  • Standardization, customization and centralization
  • Reviewing paradigms and the difficulties of effecting changes
  • Force Field Analysis
  • Change Management Exercises
  • Using technology to improve organizational redesign

 

Day Four: Operational Implementation of a Fast Close

  • Examining the pre-close and fast close processes
  • Adopting benchmark and other measurement standards
  • Key Performance Indicators (KPIs)
  • Documenting fast close processes incorporating the utilization of checklists
  • Analytical Case Study

 

Day Five: Financial Reporting and On-Going Improvements to the Closing Process

  • Design and implementation of controls needed for financial reporting
  • Improving the closing process and adopting improvement measurements
  • Identifying management reporting criteria
  • Summary of the Course

 

The Certificate

  • AZTech Certificate of Completion for delegates who attend and complete the training course

What our Delegates Say

Everything was perfect.

Yousef F. Alablani
11 - 15 September 2017, London

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Aztech Training & Consultancy
AZTech Training & Consultancy
P.O. Box: 74716 Dubai,
United Arab Emirates

Toll Free: 800-AZTECH (800 298324)
Tel: +971 4 427 5400
Fax: +971 4 427 5401
Email: info@aztechtraining.com

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