Fast Closing Monthly and Year End Accounts Course

Overview
Course Outline
Scheduled Dates

Course Overview

Month and year-end closings are the ultimate processes of finance where the efforts spent during the period materialise in accurate and timely reports. It is important that such valuable information is developed at a cost that is justified by the benefits gained. Hence, organisations need to always identify inefficiencies in the closing process and apply continuous improvement. This course provides several tools for process analysis and improvements related to closing the books quickly and efficiently.

Objective:

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

Describe the different types of closing and list the main activities in the closing cycle
Utilise assessment tools to pinpoint the disconnect between finance and internal users
List the steps needed to carry on process improvements in finance and identify the need for closing process redesign
Practice using process maps to identify closing inefficiencies and present improvement recommendations
Apply best practices and enhance the monthly closing procedures

Course Outline

Day 1: Introduction to Fast Closing Challenges

Understanding the challenges involved in fast closing monthly and year-end accounts
The critical role of the finance function in business operations
Finance as a strategic tool: The Trojan horse analogy
The importance of redefining the close cycle for efficiency

Day 2: Redefining and Redesigning the Finance Function

Key components of the finance function in the modern business environment
Identifying areas within the finance function that require redesign
Approaches to redesigning the close cycle for faster and more accurate results
Strategies for streamlining the finance process

Day 3: Improving Finance Processes

Key process improvement techniques to enhance financial reporting
How to assess current financial processes for inefficiencies
Tools and methodologies for implementing process improvements
Engaging stakeholders in the process improvement initiative

Day 4: Implementing Process Improvement Projects

Steps involved in implementing a process improvement project in finance
Monitoring and measuring the success of process improvements
Overcoming common challenges during process implementation
Case examples of successful process improvements in the closing cycle

Day 5: Enhancing the Operating Cycle and Role of the Finance Manager

Applying an enhanced operating cycle to close the books faster
How to integrate best practices into the monthly closing process
Redefining the role of the finance manager in the improved close cycle
Practical tips for continuous improvement in the closing process

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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May
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Location

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Amsterdam
Dubai
London
Milan

Dubai

$5,300

Duration: 5 Days

date: 21 - 25 Apr 2025

Amsterdam

$5,300

Duration: 5 Days

date: 12 - 16 May 2025

Milan

$5,300

Duration: 5 Days

date: 16 - 20 Jun 2025

London

$5,300

Duration: 5 Days

date: 15 - 19 Sep 2025

Finance and Accounting

Fast Closing Monthly and Year End Accounts

Duration:5 Days

date:16 - 20 Jun 2025

Milan

$5,300

Why Choose London Training For Excellence?

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Quality

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Recognition

All our courses are accredited by the CPD Standards Agency

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