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Improveyourfiscal doxeyinc

10 BEST PRACTICES TO IMPROVE YOUR FISCAL CLOSING PROCESS

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 22, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Timely, accurate, and consistent data is always of critical importance and operational and strategic decisions are based upon it and precise planning depends upon it. Statutory, regulatory, and compliance requirements add yet another layer of complexity. Global organizations are required to support reporting with multiple accounting standards, and new legislation requires new systems and processes. The information age has created a class of investors and shareholders who expect fast and easy access to the data created by current business activities.
 
This session will present both strategic and tactical suggestions that can help dramatically improve your fiscal closing process. The instructor will provide best practice solutions to prevent getting overloaded by an overabundance of internal controls and suggested metrics. Regardless of company size or complexity, all successful financial close processes require continuous communication, comprehensive documentation and a flexible, responsive organization.

Learning Objectives

  • Defining the Fiscal Closing Process Flow.

  • Identifying KPIs for the Closing Process.

  • Determining the Bottlenecks within Your Fiscal Close Process.

  • 10 Best Practices to Improve Your Fiscal Closing Process.

  • Developing a Fiscal Close Scorecard.

  • Defining a Benchmarking Approach.

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard which allowed her to develop and implement standards of internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) in the implementation of internal controls, policies, and corporate governance processes. She fine tuned her consulting experience in the Procure to Pay (P2P) area at APEX Analytix and BSI Healthcare.

As President of Doxey Inc., Chris uses her experience to provide best practice solutions to her clients for the P2P process and financial operations.

She holds a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and has a graduate certificate in project management.  She is a Certified Accounts Payable Professional (CAPP) and holds a Certification in Controls Self-Assessment (CCSA). Chis is also a Certified Internal Controls Auditor (CICA), and  a Certified Professional Controller (CPC).

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Veem is a next generation platform for business to business payments. We enable businesses to send and receive payments in local currency via a simple and inexpensive manner by using our unique multi-rail technology across several global networks.