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Self-Study CPE
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THE FUTURE OF ACCOUNTING 2018
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Improveyourfiscal doxeyinc

10 BEST PRACTICES TO IMPROVE YOUR FISCAL CLOSING PROCESS

Cost Free   CPE Credits 1.0 hour   Subject Area Accounting  Course Level Basic  Instructional Method Group Internet Based  Prerequisites None  Advanced Preparation None  Who should attend? CFO / Controller
CPA - small firm
CPA - medium firm
CPA - large firm
Other 
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.

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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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Stephen Williams

MineralTree
Vice President of Marketing
stephen.williams@mineraltree.com
(617) 299-3399 x167

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Stephen Williams is the Vice President of Marketing for MineralTree, a leading AP and Payment Automation solution provider. He and his team are on a mission to build awareness about how companies can benefit from an automated end-to-end AP process.  

AP has largely been a manual, ad hoc process that lived outside of any centralized system. Today, companies of all sizes now have affordable options to reduce fraud risk, improve payment controls and streamline the entire AP workflow. 

During his career Stephen led marketing teams for numerous software and payment companies that improve business efficiency, saving organizations a considerable amount of time and money.

Handout Materials
Presentation Slides
Additional Materials
Fiscal Close Metrics
Monthly Close Checklist
Roles and Responsibilities
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Sponsor

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MineralTree makes the easiest-to-use mobile and online AP automation software for finance professionals like you at growing organizations. Whether you’re a controller, AP manager, CFO, or other payment approver, MineralTree’s invoice payment processing solution streamlines AP, giving you significant cost savings and unparalleled control in an affordable, integrated platform with guaranteed fraud protection. We’re focused exclusively on invoice-to-payment automation so businesses benefit from using it and banks, accounting firms, and CPAs can offer it to their customers.