The Fast Close Toolkit
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- Wiley
More About This Title The Fast Close Toolkit
English
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
