Fast Close: A Guide to Closing the Books Quickly
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."
"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!"
"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."
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."
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Conducting a Review of the Closing Process
Alter the Timing of Closing Activities
Revise the Contents of the Financial Statements
Standardization and Centralization
Closing the Inventory Function
Closing the Billing Function
Closing the Payroll Function
Closing the Cash Processing Function
Impact of Automation on the Closing Process
Closing the Books of a Public Company
Controls for Financial Reporting
Ongoing Improvements in the Closing Process
Appendix B Fast Close Policies and Procedures
Soft Close Checklist
Closing the Payables Function