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| financial close and reporting process: Accelerated Financial Closing with SAP James Fisher, Birgit Starmanns, Elizabeth Milne, 2013 Navigate the complex last mile of finance with speed, efficiency, and ease with this comprehensive end-to-end overview of the financial close process. Guided by practical business workflow scenarios and customer examples, you will develop a single financial close workflow and learn how to maximize the potential of SAPs financial close solutions. Next, critically evaluate your financial close process and create an action plan. |
| financial close and reporting process: Principles of Accounting Volume 1 - Financial Accounting Mitchell Franklin, Patty Graybeal, Dixon Cooper, 2019-04-11 The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the why as well as the how aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization. |
| financial close and reporting process: SAP S/4HANA Finance for Group Reporting Ann Cacciottoli, Preparing consolidated financial statements for an enterprise with a parent and one or more subsidiaries requires a detailed review of underlying transactions in order to properly reflect results and financial position. For large, integrated, and multinational organizations, likely with millions of transactions, it is imperative that the financial accounting software facilitate this process. This expertly written guide focuses on leveraging SAP S/4HANA Finance for group reporting. Explore key functionality and how the universal journal has led to the evolution of the group reporting solution. Using a detailed case study, the author discusses configuration and master data and walks the reader through the period-end process for consolidation and explores reports using financial transactions that have already been entered into SAP S/4HANA Finance for group reporting. Explore reports delivered with SAP S/4HANA Finance for group reporting. This book is targeted at both finance professionals and the functional consultants who perform the configuration and execution of processes for preparing consolidated financial statements. By using practical examples, tips, and screenshots, this book covers: </br> </br> - SAP S/4HANA Finance for group reporting and the universal journal</br> - Configuration and master data</br> - Period-end process for consolidation</br> - Reporting and analysis</br> |
| financial close and reporting process: Fast Close Steven M. Bragg, 2009-03-16 Praise for Fast Close: A Guide to Closing the Books Quickly Steve captures the essence of the problems affecting the financial close process within corporations of all sizes; from the period close of subledgers and general ledger through financial reporting, and the relationship and interdependencies of governance, people and technology. A must-read for the corporate controller. —David Taylor, ACMA, MBA, VP Strategy, Trintech Inc. Fast Close: A Guide to Closing the Books Quickly, Second Edition is a must-read for today's busy controllers. Steven Bragg points out everything that can be done outside the close that you just never realized didn't actually have to be part of the month-end close process! Very commonsensical approach! —Kathleen Schneibel, mba, cpa, Controller/CFO for Hire, KMAS Consulting LLC A well-executed 'fast close' can bring many valuable benefits to any company, from improving organizational performance to transforming accounting executives from financial historians to trusted advisors. In Fast Close, Second Edition, Steve systematically breaks down the steps required to achieve a fast close in both public and private companies, providing financial executives with tips, checklists, and a cost-effective road map to implement fast close procedures in virtually any company. —Matthew Posta, Esq., CPA, Vice President of Finance, Key Air, LLC FROM THE FIRST EDITION This is an outstanding book in which Steve reveals his secrets to a fast close. Having personally experienced his (one-day) fast close for years and enjoyed the beneficial impact on my company, I highly recommend this book for all financial officers who desire to have a large, favorable impact on their company. —Richard V. Souders, President and CEO, Kaba Workforce Solutions |
| financial close and reporting process: Financial Report of the United States Government , 2007 |
| financial close and reporting process: The Fast Close Toolkit Christine H. Doxey, 2019-12-18 This publication focuses on the critical methods that can be used to dramatically improve the fiscal closing process. The Record to Report (R2R) or Fiscal Closing Process is at the core of the controllership function. The process includes transaction processing, internal and external reporting, and the internal controls—the people, processes, and technology—that constitute the corporate organizational hierarchy. CFOs, controllers, and corporate finance departments require timely, accurate, and consistent data to make appropriate operational and strategic decisions and fulfill statutory, regulatory, and compliance requirements with accurate and timely data. The Fast Close Toolkit offers both strategic and tactical suggestions that can significantly improve the fiscal closing process and provides guidance on new legislation requirements, systems and best practice processes. Checklists, templates, process narratives, and sample policies are provided for every component of the fiscal close. Investors and shareholders expect fast and easy access to the data created by current business activities in the information-driven digital age. The Fast Close Toolkit provides the necessary tools and expert advice to improve the fiscal closing process. Authoritative and up to date, this book: Identifies the bottlenecks that can impact the and improvethe fiscal close process and provides best practices to help alleviate these challenges Defines the Record to Report (R2R) and recommends the roles and responsibilities for fiscal close processes flow Offers the internal controls to use for the end-to-end fiscal close process Describes approaches for risk management, R2R, and fiscal close benchmarking Identifies KPIs for all aspects of the R2R process Provides the mechanism for developing a financial close scorecard Recommends leading practices for both external and internal reporting Provides guidance on how strategic planning, the budget and forecast processes can be streamlined to enhance the fiscal close and internal reporting results Written by a respected expert on internal controls and the fiscal closing process, The Fast Close Toolkit is a valuable source of information for professionals involved in controllership and have responsibility for the fiscal close. |
| financial close and reporting process: Closing the Books: Sixth Edition Steven M. Bragg, 2021-08-28 Closing the books is one of the key functions of the accounting department. Closing the Books reveals how to do so promptly and accurately, so that financial statements can be issued shortly after the end of the reporting period. The book discusses the entire process of how information is summarized into the financial statements, as well as the many reporting formats that are available. It covers the full range of closing steps, and shows how to fine-tune the closing process to achieve a shorter close. In addition, the book addresses the controls and record keeping needed for the closing process. |
| financial close and reporting process: Cases in Financial Reporting D. Eric Hirst, Mary Lea McAnally, 2005 For intermediate and financial accounting courses at the MBA and undergraduate level, or a supplement to financial statement analysis texts. This collection of financial accounting cases is designed to help students become financial statement users. Each case utilizes financial statement information (balance sheet, income statement, statement of cash flow and/or footnotes) and a number of topical questions. Students use the financial statement information to infer and interpret the economic events underlying the numbers. Related articles taken from business publications accompany some cases, and information from the articles is incorporated into the case question material. Also available the Pearson Custom Case Program. |
| financial close and reporting process: Materiality in Financial Reporting Francesco Bellandi, 2017-12-15 This book offers an integrated perspective of materiality from the different angles of accounting, auditing, internal controls, management commentary, financial analysis, management control, forensic analysis, sustainability reporting, corporate responsibility, assurance standards, integrated reporting, and limited legal considerations. |
| financial close and reporting process: Financial Reporting and Analysis Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, 2008-06-30 Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/Mittelstaedt emphasizes both the process of financial reporting and the analysis of financial statements. This book employs a true user perspective by discussing the contracting and decision implications of accounting and this helps readers understand why accounting choices matter and to whom. Revsine, Collins, Johnson, and Mittelstaedt train their readers to be good financial detectives, able to read, use, and interpret the statements and-most importantly understand how and why managers can utilize the flexibility in GAAP to manipulate the numbers for their own purposes. |
| financial close and reporting process: Standards for Internal Control in the Federal Government United States Government Accountability Office, 2019-03-24 Policymakers and program managers are continually seeking ways to improve accountability in achieving an entity's mission. A key factor in improving accountability in achieving an entity's mission is to implement an effective internal control system. An effective internal control system helps an entity adapt to shifting environments, evolving demands, changing risks, and new priorities. As programs change and entities strive to improve operational processes and implement new technology, management continually evaluates its internal control system so that it is effective and updated when necessary. Section 3512 (c) and (d) of Title 31 of the United States Code (commonly known as the Federal Managers' Financial Integrity Act (FMFIA)) requires the Comptroller General to issue standards for internal control in the federal government. |
| financial close and reporting process: Corporate Financial Reporting Andrew Higson, 2002-12-13 `This is a book which should be read by all students, whether undergraduate and postgraduate. It also provides a succinct guide for the manager who wishes to come to grips with this topic, or the accountant nostalgic to recollect the non too praiseworthy and indecisive history of this topic′ - Managerial Auditing Journal Corporate Financial Reporting critically examines contemporary corporate financial reporting. The complexity of the reporting process and the myriad of issues facing the directors, accountants and auditors can only be successfully understood from a firm conceptual base. Recent financial scandals clearly highlight the interrelationships between all the themes explored in this book, from financial reporting to auditing, from management′s motivations to fraud. Special features of this book include: - A critical examination of accounting ′theory′ - Senior practitioners′ insights on ′a true and fair view′ - An exploration of ′the financial reporting expectations gap′ - A discussion of the nature of ′corporate performance′ - An examination of corporate fraud - An examination of the implications of ′real-time′ reporting by companies - Discussion questions at the end of each chapter The book will be relevant to advanced undergraduate as well as postgraduate and MBA students. |
| financial close and reporting process: Profitability Analysis with SAP S/4hana Kathrin Schmalzing, 2020-11-25 Whether you're running account-based or costing-based CO-PA, this is your one-stop shop for profitability analysis with SAP S/4HANA! Get the step-by-step instructions you need for configuring master data, operating concerns, value flows + and setting up your system. Then run your profitability operations and master both planning and reporting. + sentence about running profitability operations, from this to that. With this guide to CO-PA, you're ready for SAP S/4HANA!-- |
| financial close and reporting process: Ethics and Finance John Hendry, 2013-11-07 Ethics and Finance: An Introduction provides a comprehensive and accessible introduction to the ethical issues raised by modern finance. Drawing carefully on ethical theory and with frequent use of case studies, it includes an analysis of the global financial system and its regulation and control, as well as a detailed analysis of the financial crisis. Chapters on specific areas of finance practice cover all the major financial scandals of recent times, from mis-selling to market manipulation and from insider trading to bankers' bonuses, as well as much more positive developments. From micro finance to derivatives trading, the book provides a careful and balanced treatment designed to help finance students and practitioners approach this sensitive topic in a thoughtful and constructive way. No prior knowledge of ethics or finance is required, and the book will be invaluable to students, finance teachers, practitioners and regulators. |
| financial close and reporting process: Financial Accounting for Local and State School Systems , 1981 |
| financial close and reporting process: SAP S/4HANA Finance Jens Krüger, 2016 SAP S/4HANA Finance is the future, so take a good look! Learn what SAP S/4HANA Finance (formerly SAP Simple Finance) can do, what it offers your organization, and how it fits into the new SAP S/4HANA solution. Explore its critical functionality, from cash management to profitability analysis, and consider your deployment options. Follow this second edition guide to the future of finance with SAP! |
| financial close and reporting process: Evolution of U.S. Regulation and the Standard-Setting Process for Financial Reporting Stephen A. Zeff, 2021-09-13 Evolution of U.S. Regulation and the Standard-Setting Process for Financial Reporting: 1930s to the Present surveys and explains the evolution of the stream of events and developments in the regulation and standard setting that have set the requirements for companies' financial reporting in the U.S. capital market. Particular attention is given to instances in which the SEC, as regulator, has either been in disagreement with the private-sector accounting standard setter, or where they both have partnered in a solution. Attention is also given to some of the more celebrated attempts by self-interested parties, particularly the company sector, to interpose themselves forcefully into the standard-setting process. The interventions from members of Congress on behalf of the company sector are also the object of study. In this rendering of the evolution, the author has endeavored to provide extensive references to the published literature to enable readers to study the events and developments in greater depth. |
| financial close and reporting process: Government Auditing Standards - 2018 Revision United States Government Accountability Office, 2019-03-24 Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision. |
| financial close and reporting process: Create Value As a Finance Business Partner Anders Liu-Lindberg, Henriette Fynsk, 2018-11-25 |
| financial close and reporting process: Accelerated Financial Close using SAP S/4 HANA P. Sam, 2020-07-01 How can SAP S/4 HANA and a set of complementing systems help an organisation close the books faster? This book is meant for technology strategists, solution architects, project managers, SAP finance consultants, finance practitioners, and IT consultants. The financial closing process is a behemoth of a process, and it creates enormous strain on the resources of an organisation. There is a significant responsibility on each of the different departments like business, finance, information technology and any service partners to plan, orchestrate and execute the activities required for periodic financial closing. However, such a process can be significantly automated using SAP systems like S/4 HANA Finance and Group Reporting, Disclosure Management, Analytics Cloud. There are intelligent tools provided such as SAP Financial Closing Cockpit, Advanced Financial Close and partner solutions like Blackline Account Substantiation and Automation that can monitor and orchestrate part or whole of the closing process. |
| financial close and reporting process: The Fast Close Toolkit Christine H. Doxey, 2019-12-24 This publication focuses on the critical methods that can be used to dramatically improve the fiscal closing process. The Record to Report (R2R) or Fiscal Closing Process is at the core of the controllership function. The process includes transaction processing, internal and external reporting, and the internal controls—the people, processes, and technology—that constitute the corporate organizational hierarchy. CFOs, controllers, and corporate finance departments require timely, accurate, and consistent data to make appropriate operational and strategic decisions and fulfill statutory, regulatory, and compliance requirements with accurate and timely data. The Fast Close Toolkit offers both strategic and tactical suggestions that can significantly improve the fiscal closing process and provides guidance on new legislation requirements, systems and best practice processes. Checklists, templates, process narratives, and sample policies are provided for every component of the fiscal close. Investors and shareholders expect fast and easy access to the data created by current business activities in the information-driven digital age. The Fast Close Toolkit provides the necessary tools and expert advice to improve the fiscal closing process. Authoritative and up to date, this book: Identifies the bottlenecks that can impact the and improvethe fiscal close process and provides best practices to help alleviate these challenges Defines the Record to Report (R2R) and recommends the roles and responsibilities for fiscal close processes flow Offers the internal controls to use for the end-to-end fiscal close process Describes approaches for risk management, R2R, and fiscal close benchmarking Identifies KPIs for all aspects of the R2R process Provides the mechanism for developing a financial close scorecard Recommends leading practices for both external and internal reporting Provides guidance on how strategic planning, the budget and forecast processes can be streamlined to enhance the fiscal close and internal reporting results Written by a respected expert on internal controls and the fiscal closing process, The Fast Close Toolkit is a valuable source of information for professionals involved in controllership and have responsibility for the fiscal close. |
| financial close and reporting process: Financial Reporting Using XBRL Charles Hoffman, 2006 Guide to using XBRL for financial reporting written by Charles Hoffman, CPA and the father of XBRL. This is a great resource for those who want to get started using XBRL. |
| financial close and reporting process: The Greenhouse Gas Protocol , 2004 The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions. |
| financial close and reporting process: Principles of Managerial Finance ITT, Lawrence J. Gitman, Chad J. Zutter, 2010-05 |
| financial close and reporting process: Loose Leaf for Financial Reporting & Analysis Fred Mittelstaedt, Lawrence Revsine, Bruce Johnson, Professor, Leonard C. Soffer, Daniel W. Collins, Professor, 2017-02-08 For the first time, Revsine's Financial Reporting & Analysis will feature Connect, the premier digital teaching and learning tool that allows instructors to assign and assess course material. Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/Mittelstaedt emphasizes both the process of financial reporting and the analysis of financial statements. This book employs a true user perspective by discussing the contracting and decision implications of accounting, helping readers understand why accounting choices are so important and to whom they matter. Revsine, Collins, Johnson, and Mittelstaedt train their readers to be good financial detectives by enabling them to read, use, and interpret the statements. Most importantly, FR&A helps students understand how and why managers can utilize the flexibility in GAAP to adapt the numbers for their own purposes. |
| financial close and reporting process: OMB Circular A-136 Omb, 2019-07 This Circular provides guidance for Executive Branch entities required to submit audited financial statements, interim financial statements, and Performance and Accountability Reports (PARs) or Agency Financial Reports (AFRs) under the Chief Financial Officers Act of 1990, as amended (CFO Act), the Government Management Reform Act of 1994 (GMRA), and the Accountability of Tax Dollars Act of 2002 (ATDA). This Circular also provides general guidance to Government corporations required to submit Annual Management Reports (AMRs) under the Government Corporations Control Act. Why buy a book you can download for free? We print the paperback book so you don't have to. First you gotta find a good clean (legible) copy and make sure it's the latest version (not always easy). Some documents found on the web are missing some pages or the image quality is so poor, they are difficult to read. If you find a good copy, you could print it using a network printer you share with 100 other people (typically its either out of paper or toner). If it's just a 10-page document, no problem, but if it's 250-pages, you will need to punch 3 holes in all those pages and put it in a 3-ring binder. Takes at least an hour. It's much more cost-effective to just order the bound paperback from Amazon.com This book includes original commentary which is copyright material. Note that government documents are in the public domain. We print these paperbacks as a service so you don't have to. The books are compact, tightly-bound paperback, full-size (8 1/2 by 11 inches), with large text and glossy covers. 4th Watch Publishing Co. is a HUBZONE SDVOSB. https: //usgovpub.com |
| financial close and reporting process: The Collection Process (income Tax Accounts) United States. Internal Revenue Service, 1978 |
| financial close and reporting process: Principles of Accounting Volume 2 - Managerial Accounting Mitchell Franklin, Patty Graybeal, Dixon Cooper, 2019-02-14 A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the why as well as the how aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization. |
| financial close and reporting process: Process Improvement for Effective Budgeting and Financial Reporting Nils H. Rasmussen, Christopher J. Eichorn, Corey S. Barak, Toby Prince, 2003-06-17 The budget and financial reporting processes are well knownsources of frustration for most CFOs. Seeking a quick fix to theproblem, the common solution is to pour more money into new andbetter software. This leaves the root cause, the inefficient anddysfunctional underlying processes and routines, unaddressed. Asthis book shows, substantial and sustainable improvements are onlyachieved through an holistic approach to process improvement,technology, strategy, and people. —Tom Henry Knudsen, Executive Vice President, Telenor EiendomFornebu AS, Proven methods for improving efficiency Corporations face a high turnover among financial managers,rapid changes in technology, lack of time and process redesignskills, and ongoing ambiguity about primary objectives behind thebudgeting and financial reporting processes. Amid this frenzy, itis the fundamental efficiency of these processes that dramaticallyimpact overall business performance. Process Improvement forEffective Budgeting and Financial Reporting provides financialmanagers with a compelling blueprint for increasing efficiency andeliminating waste of time and energy. Four operational experts layout an 80/20 plan-improving 80% of processes in 20% of the time itwould take to improve 100%-and explain a Business ProcessImprovement (BPI) plan that incorporates: The emerging trends affecting financial managers today Step-by-step process implementation Interviews with industry leaders, consultants, and managers whohave successfully instituted BPI plans Appraisals of the available software that can help or hinderthe process There is no substitute for improved efficiency. CFOs,controllers, budget managers, and financial analysts willsignificantly benefit from adding this authoritative guide to theirprofessional libraries. |
| financial close and reporting process: Financial Reporting, Financial Statement Analysis and Valuation: A Strategic Perspective James M. Wahlen, Stephen P. Baginski, Mark Bradshaw, 2010-08-10 Wahlen/Baginski/Bradshaw is a balanced, flexible, and complete Financial Statement Analysis book that is written with the premise that students learn financial statement analysis most effectively by performing the analysis on actual companies. Students learn to integrate the concepts from economics, finance, business strategy, accounting, and other business disciplines through the integration of a unique six-step process. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version. |
| financial close and reporting process: Governance, Risk, and Compliance Handbook Anthony Tarantino, 2008-03-14 Providing a comprehensive framework for a sustainable governance model, and how to leverage it in competing global markets, Governance, Risk, and Compliance Handbook presents a readable overview to the political, regulatory, technical, process, and people considerations in complying with an ever more demanding regulatory environment and achievement of good corporate governance. Offering an international overview, this book features contributions from sixty-four industry experts from fifteen countries. |
| financial close and reporting process: The Master Guide to Controllers' Best Practices Elaine Stattler, Joyce Anne Grabel, 2020-07-08 The essential guide for today’s savvy controllers Today’s controllers are in leadership roles that put them in the unique position to see across all aspects of the operations they support. The Master Guide to Controllers’ Best Practices, Second Edition has been revised and updated to provide controllers with the information they need to successfully monitor their organizations’ internal control environments and offer direction and consultation on internal control issues. In addition, the authors include guidance to help controllers carryout their responsibilities to ensure that all financial accounts are reviewed for reasonableness and are reconciled to supporting transactions, as well as performing asset verification. Comprehensive in scope the book contains the best practices for controllers and: Reveals how to set the right tone within an organization and foster an ethical climate Includes information on risk management, internal controls, and fraud prevention Highlights the IT security controls with the key components of successful governance Examines the crucial role of the controller in corporate compliance and much more The Master Guide to Controllers’ Best Practices should be on the bookshelf of every controller who wants to ensure the well-being of their organization. In addition to their traditional financial role, today’s controllers (no matter how large or small their organization) are increasingly occupying top leadership positions. The revised and updated Second Edition of The Master Guide to Controllers’ Best Practices provides an essential resource for becoming better skilled in such areas as strategic planning, budgeting, risk management, and business intelligence. Drawing on the most recent research on the topic, informative case studies, and tips from finance professionals, the book highlights the most important challenges controllers will face. Written for both new and seasoned controllers, the Guide offers a wide range of effective tools that can be used to improve the skills of strategic planning, budgeting, forecasting, and risk management. The book also contains a resource for selecting the right employees who have the technical knowledge, analytical expertise, and strong people skills that will support the controller’s role within an organization. To advance overall corporate performance, the authors reveal how to successfully align strategy, risk management, and performance management. In addition, the Guide explains what it takes to stay ahead of emerging issues such as healthcare regulations, revenue recognition, globalization, and workforce mobility. As controllers adapt to their new leadership roles and assume more complex responsibilities, The Master Guide to Controllers’ Best Practices offers an authoritative guide to the tools, practices, and ideas controllers need to excel in their profession. |
| financial close and reporting process: Principles of Financial Accounting Christine Jonick, 2018-09-30 The University of North Georgia Press and Affordable Learning Georgia bring you Principles of Financial Accounting. Well-written and straightforward, Principles of Financial Accounting is a needed contribution to open source pedagogy in the business education world. Written in order to directly meet the needs of her students, this textbook developed from Dr. Christine Jonick's years of teaching and commitment to effective pedagogy. Features: Peer reviewed by academic professionals and tested by students Over 100 charts and graphs Instructional exercises appearing both in-text and for Excel Resources for student professional development |
| financial close and reporting process: The Controller's Toolkit Christine H. Doxey, 2021-02-03 Get practical tools and guidance for financial controllership you can put to immediate use The Controller’s Toolkit delivers a one-of-a-kind collection of templates, checklists, review sheets, internal controls, policies, and procedures that will form a solid foundation for any new or established financial controller. You’ll get the tools and information you need to master areas like business ethics, corporate governance, regulatory compliance, risk management, security, IT processes, and financial operations. All of the tools contained in this indispensable book were recommended by corporate and business unit controllers from small to medium-sized companies and large, multinational firms. You will benefit from master-level guidance in areas like: Ethics, Codes of Conduct, and the “Tone at the Top” to support ethical behavior The operational and financial aspects of corporate governance The importance of the Committee of Sponsoring Organizations of the Treadway Commission Framework The requirement for entity-level controls The importance of linking the business plan with the budget process The Controller’s Toolkit also belongs on the bookshelves of finance and accounting students, executives, and managers who wish to know more about the often-complex world of financial controls. |
| financial close and reporting process: Financial Accounting and Reporting Barry Elliott, Jamie Elliott, 2011 Financial Accounting and Reporting is the most up to date text on the market. Now fully updated in its fourteenth edition, it includes extensive coverage of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS). This market-leading text offers students a clear, well-structured and comprehensive treatment of the subject. Supported by illustrations and exercises, the book provides a strong balance of theoretical and conceptual coverage. Students using this book will gain the knowledge and skills to help them apply current standards, and critically appraise the underlying concepts and financial reporting methods. |
| financial close and reporting process: SEC Docket United States. Securities and Exchange Commission, 2007 |
| financial close and reporting process: CFO Insights C. Cristian Wulf, 2006-07-28 The benefits Carrefour achieved have been substantially in excess of predictions. The Shared Service accounting centers enabled streamlined processes, lowered costs, and introduced standard processes, a standard system, and standard data for a global company. The new infrastructure can support rapid expansion and can add new stores with the flip of a switch. From a systems point of view, Carrefour now has a 'factory' in place to deliver high-efficiency systems, tools, processes, and training. --From Chapter 9, Implementation and Operational Imperatives for ERP The benefits of efficient information delivery are demonstrated by the results of one of the world's largest mySAP.com implementations. Siemens achieved a twenty-five percent cost reduction through streamlined information delivery and improved access to financial information. It also enhanced its reporting capabilities from seventy percent to nearly 100 percent through increased intranet availability. --From Chapter 3, Financial and Management Reporting Research shows that high-performance businesses and governments use finance technology as one of the capabilities to help executives make better decisions for resource allocation, while at the same time increasing productivity. CFO Insights: Enabling High Performance through Leading Practices for Finance ERP includes a number of case studies and lessons learned from Accenture clients across a variety of industries that have implemented, upgraded, and operated Oracle/PeopleSoft and SAP. Each case study highlights vital thoughts, benefits, and considerations and provides relevant guidance as one proceeds with an ERP on the journey toward high performance. |
| financial close and reporting process: Implementing SAP S/4HANA Finance Anup Maheshwari, 2016 Preparation -- Installation and upgrade -- Customizing for the general ledger -- Customizing for new asset accounting -- Customizing for controlling -- Migration of house bank accounts -- Data migration -- Post migration -- Testing and migration results -- New cash management -- Sap integrated business planning for finance -- SAP Fiori applications -- Impact on general ledger accounting -- Impact on new asset accounting -- Impact on controlling -- Impact on cost center accounting -- Impact on profit center accounting -- Impact on profitability analysis -- Impact on period end closing -- Impact on cash and bank management -- Appendix |
| financial close and reporting process: Sarbanes-Oxley Ongoing Compliance Guide Anne M. Marchetti, 2007-04-18 Quick and easy implementation and maintenance guide for ongoingSarbanes-Oxley compliance For most companies, achieving compliance to the Sarbanes-OxleyAct (SOX) has proven to be more challenging, and more costly, thaninitially anticipated. In many cases, initial and second-yearcompliance efforts were found to have strained company resources,causing a shift of focus away from such areas as internal audit inorder to meet SOX requirements. Sarbanes-Oxley Ongoing Compliance Guide: Key Processes andSummary Checklists provides controllers, CFOs, and auditorswith step-by-step guidance to setting up an ongoing complianceprogram for SOX in a quick, easy-to-follow manner. This essentialbook discusses crucial issues such as who should spearheadSarbanes-Oxley compliance, how it should be set up, and which SOXissues need to be monitored by function. Highlighting the key issues that need to be addressed, this bookprovides your organization with practical tools includingcustomizable checklists sorted by function for the SOX implicationsthat correspond to various business functions, such as finance,accounting, IT, and management fields. Today, more than ever, a properly structured internal auditfunction can be a tremendous benefit to an organization, impactingnot only regulatory compliance, but also operational excellence.Concise and clear in presentation, Sarbanes-Oxley OngoingCompliance Guide: Key Processes and Summary Checklists showsyou how to help your organization put in place a successfulenterprise risk management program. This important book arms youwith the vital components of a detailed compliance plan that makesthe most of technology to assist in reducing ongoing compliancecosts. |
| financial close and reporting process: Financial Services and General Government Appropriations for 2013 United States. Congress. House. Committee on Appropriations. Subcommittee on Financial Services and General Government, 2012 |
A GUIDE TO FINANCIAL CLOSE MANAGEMENT - The CFO
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Accelerate the close while reducing risk and increasing team satisfaction A consistently timely, accurate, and eficient financial close is a challenge for many finance departments. As part of …
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Monthly Financial Close Guide Sheet - Office of Justice …
Standardized close procedures help organize accounting data so financial and tax reports can be completed timely and accurately. These procedures include the basic monthly and annual …
Close, Consolidate, Report Performance Blueprint - IBM
Provides a roadmap to identify gaps and opportunities in your financial close process. Delivers a set of processes and activities to optimize efficiency and effectiveness in your close cycle.
A Strategic and Practical Approach to Optimizing Financial …
In this paper we will discuss the ways and means by which companies can use proven methodologies to optimize the entire financial reporting process, achieve significant gains in …
TRANSFORMING THE FINANCIAL CLOSE PROCESS WITH …
develop a platform solution to automate finance service delivery. The aim is to streamline cross-functional processes and promote seamless data s. a highly distributed, remote workforce. …
Microsoft Word - Financial Close and Reporting - Seminar …
The financial close and reporting processes are a critical part of the accounting cycle and fundamental in having relevant and representationally faithful accounting records and financial …
10 BEST PRACTICES TO IMPROVE YOUR FISCAL CLOSING …
Document the Closing Process. Document all steps of the closing process and ensure all those impacted by the close are trained. Communicate the importance of the close and the critical …
Can fine-tuning your financial processes help accelerate your …
The EY Financial Statement Close Process Assessment (EY FSCPA) can provide clarity and insights into your finance function’s organization and performance, and improve eficiency and …
Fast Close a high quality quicker closing process - PwC
Are the quality and accuracy of your closings compromised by the time required for completion? The Fast Close approach represents proven methodology which improves the automation and …
January 2021 Streamlining the Financial Close, Consolidation …
In a mid-sized to large enterprise, the financial close and reporting process spans the following activities (figure 1): • Closing out the sub-ledgers (e.g., accounts payable, accounts …
Financial Statement Close Process - Newgen
Newgen financial statement close process application empowers CFOs and group controllers with a holistic view of all financial close activities in order to seamlessly manage the financial …
Fast-tracking the federal financial close process
Fast-tracking the federal financial close process | Why VCA? ded to meet Treasury GTAS reporting requirements. Reduced LOE can result in a savings of time and money, while …
Financial Close Consolidation And Reporting Oracle
Oracle offers several sophisticated solutions specifically designed to optimize the financial close process. Two prominent players are: Oracle Hyperion Financial Management (HFM): A robust, …
A GUIDE TO FINANCIAL CLOSE MANAGEMENT - The CFO
The 3 Key Areas for a More Eficient Financial Close n in their financial close processes. Now, you will have to create pre-defined tasks, procedures and shared milestones as well as designated …
PFK-Financial-Close-Process - pkfea.com
What is the Financial Close Process? The financial close process is a series of activities undertaken by accounting and finance professionals to ensure the accuracy and completeness of financial …
Smart Closing & Reporting - EY
With the solution “Smart Closing & Reporting”, EY considers the entire financial process chain and separates it into five main phases. Our approach starts with transactional processing in phase …
Streamlining the Financial Close, Consolidation and …
This white paper highlights the financial close and reporting challenges, the trade-ofs between various software tools and the results organizations gain by using modern, cloud-based software …
Your guide to a shorter and faster financial closing process.
Understanding the intricacies involved in the financial close process A financial close is the process of verifying and adjusting account balances at the end of each month or a specified time frame to …
Finance Close Automation - Deloitte United States
Accelerate the close while reducing risk and increasing team satisfaction A consistently timely, accurate, and eficient financial close is a challenge for many finance departments. As part of the …
Innovation Guide: Accelerating an Automated, Connected …
Oracle ofers comprehensive end-to-end close capabilities that address every aspect of the financial close: financial consolidation, close process management, account reconciliation, tax provision …
Finance Unleashed: Enabling Modern Finance with CPM 2.0 …
This white paper highlights the financial close and reporting challenges, the trade-ofs between various software tools and the results organizations gain by using modern, cloud-based software …
Monthly Financial Close Guide Sheet - Office of Justice …
Standardized close procedures help organize accounting data so financial and tax reports can be completed timely and accurately. These procedures include the basic monthly and annual steps …
Close, Consolidate, Report Performance Blueprint - IBM
Provides a roadmap to identify gaps and opportunities in your financial close process. Delivers a set of processes and activities to optimize efficiency and effectiveness in your close cycle.
A Strategic and Practical Approach to Optimizing Financial …
In this paper we will discuss the ways and means by which companies can use proven methodologies to optimize the entire financial reporting process, achieve significant gains in …
TRANSFORMING THE FINANCIAL CLOSE PROCESS WITH …
develop a platform solution to automate finance service delivery. The aim is to streamline cross-functional processes and promote seamless data s. a highly distributed, remote workforce. The …
Microsoft Word - Financial Close and Reporting - Seminar …
The financial close and reporting processes are a critical part of the accounting cycle and fundamental in having relevant and representationally faithful accounting records and financial …
10 BEST PRACTICES TO IMPROVE YOUR FISCAL CLOSING …
Document the Closing Process. Document all steps of the closing process and ensure all those impacted by the close are trained. Communicate the importance of the close and the critical …
Can fine-tuning your financial processes help accelerate your …
The EY Financial Statement Close Process Assessment (EY FSCPA) can provide clarity and insights into your finance function’s organization and performance, and improve eficiency and …
Fast Close a high quality quicker closing process - PwC
Are the quality and accuracy of your closings compromised by the time required for completion? The Fast Close approach represents proven methodology which improves the automation and …
January 2021 Streamlining the Financial Close, Consolidation …
In a mid-sized to large enterprise, the financial close and reporting process spans the following activities (figure 1): • Closing out the sub-ledgers (e.g., accounts payable, accounts receivable, …
Financial Statement Close Process - Newgen
Newgen financial statement close process application empowers CFOs and group controllers with a holistic view of all financial close activities in order to seamlessly manage the financial closure for …
Fast-tracking the federal financial close process
Fast-tracking the federal financial close process | Why VCA? ded to meet Treasury GTAS reporting requirements. Reduced LOE can result in a savings of time and money, while allowing accounting …
Financial Close Consolidation And Reporting Oracle
Oracle offers several sophisticated solutions specifically designed to optimize the financial close process. Two prominent players are: Oracle Hyperion Financial Management (HFM): A robust, …
