This program provides an in-depth overview of the “Fast Close” process, which is the ability of a modern, global organization to rapidly close the accounting books, collect, consolidate and, then, publish its financial statements. This process is widely viewed not only as an indicator of management’s abilities to execute its strategic plan in light of the availability of fast, reliable financial information but also as a proxy for good, well-implemented corporate governance. This course will also review the mounting concerns and evidence that the “Fast Close” process, after a long period of sustained improvement, is now in a period of decline, due in large part to the impact of compliance, new accounting and reporting standards, and the sheer increase in the volume and complexity of financial information that needs to be consolidated and reviewed.
Understand the importance of the fast close process on financial and operational decision-making within an organization
Examine fast close processes, strategies, and best practices as well as consideration of organizational documentation policies and procedures
Understand the importance of departmental requirements for financial reporting as well as the need for on-going improvements to the closing process
Provide faster and more accurate data for monthly and year-end account closings to enhance communication with internal and external financial statement users
Utilize assessment tools to pinpoint the disconnect between finance and internal users
Consider organizational policies, procedures, and documentation related to a fast close
Consider the departmental requirements for financial reporting
List the steps needed to carry on process improvements in finance and identify the need for closing process redesign
Accounting Professionals
Financial Controllers
Finance Managers
Financial Systems Analysts
Senior Accountants
Financial Accountants
Management Accountants
General Ledger Accountants
Assistant Accountants
Accounts Receivable Accountants
Accounts Payable Accountants
Payroll Accountants
Decision-makers who rely on timely and accurate financial information
Different types and benefits
Steps needed to achieve a fast close
Analyzing and reviewing the current closing process
Redesigning the closing cycle
Finance function stakeholders, redesign and solutions
Examining the needs of stakeholders
Scope of problems for organizations
Process improvement practices
Process redesign tools and techniques
Examining closing activities and requirements
Best practices in attaining fast close, soft close and virtual close
Optimizing charts of accounts and journal entry requirements
Organizing corporate resources to achieve fast close
Identifying potential roadblocks
Standardization, customization, and centralization
Reviewing paradigms and the difficulties of effecting changes
Using technology to improve the organizational redesign
Examining the pre-close and fast close processes
Adopting benchmark and other measurement standards, including key performance indicators
Documenting fast close processes incorporating the utilization of checklists
Design and implementation of controls needed for financial reporting
Improving the closing process and adopting improvement measurements
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractor, but also with managers, fellow employees and colleagues within our own organisation.
‘Mastering Negotiation Skills’ is a five-day course designed to explain the negotiation process in detail and demonstrate how to use it effectively, giving delegates the negotiation skills and strategies they need to succeed in today’s challenging commercial environment.
The ability to negotiate effectively and manage conflict is one of the most valuable skill sets we can develop within our organization. Not only does developing these skills allow us to negotiate better deals by creating and then claiming value, but it also enables us to manage teams more expertly, interact more constructively with colleagues and manage conflict effectively.
This course provides both a comprehensive strategic analysis of the negotiation process as well as the essential tools for planning and managing every negotiation. Delegates will learn to negotiate excellent outcomes both externally with suppliers, contractors, and customers but also internally within your organization between colleagues, departments, and managers.
One of the major keys to success in the business world is being able to apply “discipline” to your life and actions! This is the key to developing personal effectiveness and professional excellence.
This training course will provide professionals with the knowledge, skills, and attitudes required to manage and lead teams and organizations before, during, and after a crisis or emergency. All leaders are sooner or later confronted with the need to lead and manage their team or organization during a crisis or emergency. The leadership skills and competencies that are required in these demanding circumstances are much more challenging for the leader than normal everyday leadership. This course will also cover the basics of the COVID 19 Virus currently impacting the world. Most of our lives are a combination of work, family, and community involvement. A pandemic can affect all of these areas. Being informed and knowing what to do during a pandemic can help minimize the impact.
This course is designed for IT professionals who are looking to take on the role of Chief Information Security Officer (CISO) in an organization. The course will cover key concepts and skills in information security, including risk management, security governance, incident response, and compliance.
A five-day course on the practical aspects of piping and pipeline design, integrity, maintenance, and repair. The participants will obtain an in-depth understanding of the ASME B31 code rules and API standards, their technical basis, and practical application to field conditions.