Fast Close : A Guide to Closing the Books Quickly
Editorial Reviews
Book Description
Written for controllers, CFOs, accounting managers, and business managers, Fast Close incorporates Steven Bragg’s own personally tested guidelines to help professionals speed up the closing process, especially in response to Sarbanes-Oxley’s more time-sensitive requirements. Bragg outlines numerous key improvements that, when gradually implemented together, are guaranteed to shrink the closing process down to as little as one day. Chock-full of helpful flowcharts and checklists to help readers prevent delays and bring accounting department closing procedures up to date, Fast Close explores specific instructions for closing faster, common areas of delay and how to overcome them, required controls to keep financials accurate despite the fast close, and much more. Create financial statements faster . . . much faster . . . with the expert guidance found in Steven Bragg’s Fast Close.
From the Inside Flap
One of the most common challenges controllers face is closing the month-end books and issuing financial statements as fast as possible. However, the closing process has traditionally been a slow one. Several surveys reveal that the average company requires about two weeks to close its subsidiary's books, followed by roughly another three weeks to roll up the results into corporate-level financial statements. Companies with more organized closing systems can reduce this process to about two weeks, while those companies with the best closing processes can reduce the entire interval to four days. And with the new Sarbanes-Oxley requirement to deliver Form 10-Q even more quickly, the pressure is really on. Finally, help is here! Fast Close: A Guide to Closing the Books Quickly shrinks the closing interval down to just one day.
Fast Close presents the successful, field-tested principles of bestselling author and accounting guru Steven Bragg-the same techniques he has personally used for years to issue financial statements for multidivision companies. Brimming with flowcharts and checklists to help professionals avoid delays and bring accounting department closing procedures up to date, Fast Close clearly illustrates how companies can close their financials quickly enough to issue statements within Sarbanes-Oxley's more rigid timeframe. Key improvement steps include:
By following the authoritative, recommended changes, readers can expect to arrive at a closing interval that may encompass as little as a single day. Achieve what was once thought to be the unachievable with the step-by-step guidance found in Fast Close.
Fast Close : A Guide to Closing the Books Quickly
Fast Close : A Guide to Closing the Books Quickly,Steven M. Bragg,John Wiley & Sons,0471708976,Accounting - Financial,Bookkeeping,Business & Economics,Business / Economics / Finance,Business/Economics,Controllership,Corporations,Financial Accounting,Financial statements,Handbooks, manuals, etc,Budgeting & financial management,Business & Economics / Accounting / Financial
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