Finance and Accounting Training Courses


Fast Closing Month-End & Year-End Accounts

Introduction:

This month-end and year-end closing accounting program 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.

This process is widely viewed as an indicator of management's abilities to execute its strategic plan in light of the availability of fast, reliable financial information and as a proxy for good, well-implemented corporate governance.

This month-end and year-end closing accounting course will also review the mounting concerns and evidence that the "Fast Close" process, after a long period of sustained improvement, is now in a period of decline due in large part to the impact of compliance, new accounting and reporting standards and the sheer increase in the volume and complexity of financial information that needs to be consolidated and reviewed.

Targeted Groups:

  • Accounting professionals
  • Financial controllers
  • Finance managers
  • Financial systems analysts
  • Senior accountants
  • Financial accountants
  • Management accountants
  • General ledger accountants
  • Assistant accountants
  • Accounts receivable accountants
  • Accounts payable accountants
  • Payroll accountants
  • This month-end and year-end closing accounting course is for decision-makers who rely on timely and accurate financial information.

Course Objectives:

At the end of this month-end and year-end closing accounting course, the participants will be able to:

  • Understand the importance of the fast close process on financial and operational decision-making within an organization.
  • Examine fast-close processes, strategies, best practices, and consideration of organizational documentation policies and procedures.
  • Understand the importance of departmental requirements for financial reporting and the need for ongoing improvements to the closing process.
  • Provide faster and more accurate data for monthly and year-end account closings to enhance communication with internal and external financial statement users.
  • Utilize assessment tools to pinpoint the disconnect between finance and internal users.
  • Consider organizational policies, procedures, and documentation related to a fast close.
  • Consider the departmental requirements for financial reporting.
  • List the steps needed to implement process improvements in finance and identify the need for closing process redesign.

Targeted Competencies:

At the end of this month-end and year-end closing accounting course, the target competencies will be able to:

  • Process analysis.
  • Closing procedures.
  • Analytical skills.
  • Process mapping.
  • Applying month-end and year-end closing best practices.

Course Content:

Unit 1: 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.
  • Examining the needs of stakeholders.
  • Scope of problems for organizations.
  • Process improvement practices.
  • Process redesign tools and techniques.

Unit 2: 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.

Unit 3: Managing Change and Utilizing Technology in Redesigning and Monitoring the Finance Function:

  • Standardization, customization, and centralization.
  • Reviewing paradigms and the difficulties of effecting changes.
  • Using technology to improve organizational redesign.

Unit 4: Operational Implementation of a Fast Close:

  • Examining the pre-close and fast-close processes.
  • Adopting benchmarks and other measurement standards, including key performance indicators.
  • Documenting quickly close processes incorporating the utilization of checklists.

Unit 5: Financial Reporting and Ongoing 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.

Enhancing Efficiency in Month-End and Year-End Closing

Accurately concluding a month's or year's financial activities entails comprehensive knowledge of what is involved in month-end and year-end closing accounting.

By embracing the month-end closing process in accounting and the best practices inherent in the closing month of the accounting year, participants will discover scalable strategies for closing fast and doing so with an emphasis on precision and compliance.

The keys to efficient monthly closing accounting lie in the procedural details and inter-departmental collaboration to ensure an effective end-of-month closing, ultimately fortifying an organization's financial reporting foundation and decision-making capabilities.


Amman (Jordan)
16 - 20 Feb 2025
3200 Euro
Kuala Lumpur (Malaysia)
16 - 20 Feb 2025
4400 Euro
Munich (Germany)
17 - 21 Feb 2025
5300 Euro
Dubai (UAE)
23 - 27 Feb 2025
4400 Euro
Geneva (Switzerland)
24 - 28 Feb 2025
6500 Euro
Sharm El-Sheikh (Egypt)
02 - 06 Mar 2025
4500 Euro
Manama (Bahrain)
02 - 06 Mar 2025
4500 Euro
Paris (France)
10 - 14 Mar 2025
5300 Euro
Istanbul (Turkey)
16 - 20 Mar 2025
4900 Euro
Online
23 - 27 Mar 2025
1900 Euro
London (UK)
31 Mar - 04 Apr 2025
5500 Euro
Dubai (UAE)
06 - 10 Apr 2025
4400 Euro
Cairo (Egypt)
06 - 10 Apr 2025
3500 Euro
Kuala Lumpur (Malaysia)
06 - 10 Apr 2025
4400 Euro
Barcelona (Spain)
07 - 11 Apr 2025
5300 Euro
Boston (USA)
07 - 11 Apr 2025
7200 Euro
London (UK)
14 - 18 Apr 2025
5500 Euro
Geneva (Switzerland)
21 - 25 Apr 2025
6500 Euro
Barcelona (Spain)
21 - 25 Apr 2025
5300 Euro
Kuala Lumpur (Malaysia)
11 - 15 May 2025
4400 Euro
Online
11 - 15 May 2025
1900 Euro
Rome (Italy)
12 - 16 May 2025
5900 Euro
Dubai (UAE)
18 - 22 May 2025
4400 Euro
Dubai (UAE)
25 - 29 May 2025
4400 Euro
London (UK)
26 - 30 May 2025
5500 Euro
Sharm El-Sheikh (Egypt)
01 - 05 Jun 2025
4500 Euro
Cairo (Egypt)
08 - 12 Jun 2025
3500 Euro
Amsterdam (Netherlands)
09 - 13 Jun 2025
5300 Euro
Vienna (Austria)
09 - 13 Jun 2025
5500 Euro
Brussels (Belgium)
16 - 20 Jun 2025
5300 Euro
Kuala Lumpur (Malaysia)
22 - 26 Jun 2025
4400 Euro
London (UK)
23 - 27 Jun 2025
5500 Euro
Rome (Italy)
23 - 27 Jun 2025
5900 Euro
Madrid (Spain)
23 - 27 Jun 2025
5300 Euro
Madrid (Spain)
30 Jun - 04 Jul 2025
5300 Euro
Milan (Italy)
30 Jun - 04 Jul 2025
5900 Euro
Cairo (Egypt)
06 - 10 Jul 2025
3500 Euro
Barcelona (Spain)
07 - 11 Jul 2025
5300 Euro
Online
13 - 17 Jul 2025
1900 Euro
Brussels (Belgium)
14 - 18 Jul 2025
5300 Euro
Lisbon (Portugal)
14 - 18 Jul 2025
5300 Euro
Istanbul (Turkey)
20 - 24 Jul 2025
4900 Euro
Rome (Italy)
21 - 25 Jul 2025
5900 Euro
Casablanca (Morocco)
28 Jul - 01 Aug 2025
4000 Euro
Sharm El-Sheikh (Egypt)
10 - 14 Aug 2025
4500 Euro
Istanbul (Turkey)
10 - 14 Aug 2025
4900 Euro
Amman (Jordan)
17 - 21 Aug 2025
3200 Euro
Manama (Bahrain)
17 - 21 Aug 2025
4500 Euro
Paris (France)
18 - 22 Aug 2025
5300 Euro
Barcelona (Spain)
25 - 29 Aug 2025
5300 Euro

Finance and Accounting Training Courses
Fast Closing Month-End & Year-End Accounts (FA)

 

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.