Speed Up the Monthly Accounting Close Process
5.0 (1 rating)
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Speed Up the Monthly Accounting Close Process

This course explains how to get ahead of month-end, streamline your close, get buy-in from your organization and more.
New
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2 students enrolled
Last updated 8/2017
English
Current price: $10 Original price: $50 Discount: 80% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 3 Articles
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Specify why a fast close is important and build the mindset needed from your president, staff, company and suppliers to get buy-in for a faster close.
  • Identify new ways to look at your closing process and come up with ideas to speed up your most challenging processes and toughest numbers to generate.
  • Establish where to look during the month and what to generate in your final review so you can be both fast and accurate without getting blindsided by surprises later.
  • Free yourself and your team for more time afterwards to work on improving results and raise the value you provide to the overall organization.
View Curriculum
Requirements
  • Some exposure to corporate accounting will be helpful.
Description

In sports, the manager knows the score right at the moment and can make adjustments on the spot. Yet in business, we can be well into a month before we know how last month went. In finance, we can feel like we move from one month close to the next, with little time in-between to analyze and improve results. Fortunately, that can change with leadership and knowledge.

In this course you learn how to approach your closing process differently and come up with a number of ways you might speed up your process. Learn how to prepare ahead for the month's end, along with techniques to make sure your numbers are more accurate, while coming out even faster. Less time closing means more time for strategic, value-add opportunities to advance your company and your career. This course walks you through a real-world example at a pharmaceutical firm that transformed its operations to report numbers the first morning after month-end after previously being many weeks behind in their financials.

Who is the target audience?
  • Anyone interested in finance, accounting or related fields.
Compare to Other Accounting Courses
Curriculum For This Course
11 Lectures
01:13:50
+
Introduction
8 Lectures 01:13:46



Executing the Fast Close
07:07

Implementing The Fast Close
05:47

Case Study
06:07

Final Comments
03:13

Speed Up Your Close - Save Resources and Time for Improving Results Continuous
36:51
+
Supporting Materials
3 Lectures 00:03
Slides: Speed Up Your Close
00:01

Speed Up Your Close Glossary/Index
00:01

Top 10 fast financials
00:01
+
Review and Test
0 Lectures 00:00
Review Questions
3 questions

FINAL EXAM
5 questions
About the Instructor
Illumeo Learning
4.4 Average rating
315 Reviews
1,355 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Jon Paul (Illumeo)
5.0 Average rating
1 Review
2 Students
1 Course

Helped several firms earn first profits and become industry leaders. Owners sold firms at significant multiples; some became financially set for life, retired early. Idea generator who listens and fits in well while moving teams to higher levels. Network helped clients in marketing, operations and technology. Mentor who persuades owners to change direction. Enables owners to focus on core strengths. Lined up better bank financing through contacts and persuasive business plans. Awarded Black Belt for sales training- grew consulting 310%. Kept on by clients for long term relationships

• Interim CFO Leadership & Handoff
• Insightful, Financial Reporting & Analysis
• CEO Sounding Board, Mentoring, Coaching
• Strategic & Acquisition/Divestiture Guidance
• Team Assessment and Development
• Better Bank & Equity Financing/Relationships
• Cash Flow Growth- Working Capital Decrease
• Technology Useful for Inside & Outside Users

Organizations:

Harvard Business School Club of Chicago
Pinnacle Forum
Evans Scholars Foundation
Finance Leaders Association- Founder
Institute of Management Consultants
Barnabas Group
FENG Chicago- Founder
St James Lutheran Church
Groundwire- Counselor
FEI

Experience

President : Value Added Finance Resources - [1991-06 to Current]

CFO : Vitarine Pharmaceuticals - [1984-08 to 1991-05]

Director of Finance & Operations : Kidco / Marchon - [1980-06 to 1984-03]

Senior Accountant : Arthur Andersen - [1975-05 to 1978-08]


Education

MBA, General Management : Harvard Business School - [1978 to 1980]

BS, Accounting : University of Illinois at Urbana-Champaign - [1971 to 1975]