Lesson 1Principles fi a 10-day close calendar: parallelization, critical path, freeze dates, soft vs hard closeDis section present principles fi designing a 10-day close calendar. It cover parallelization, critical path analysis, freeze dates, an' soft versus hard close, balancing speed, control, an' reporting quality fi stakeholders, seen.
Mapping di close an' critical pathParallelizing tasks an' handoffsData freeze dates an' lock controlsSoft close versus hard close designKPIs fi close speed an' qualityLesson 2Sample automation an' integration points: ERP billing connectors, bank feed automation, automated AR agingDis section highlight automation opportunities across di close, including ERP integrations, bank feeds, an' AR aging. It cover selection, configuration, controls, an' monitoring to reduce manual work while preserving data integrity, yuh know.
ERP billing an' revenue connectorsAutomated bank feed imports an' rulesAutomated AR aging an' dunning reportsIntegration error handling an' alertsAccess, segregation of duties, an' logsLesson 3Handling exceptions an' post-close adjustments: cut-off windows, approval limits, adjusting journal entry workflowDis section explain how to manage exceptions an' post-close adjustments. It cover cutoff rules, approval thresholds, adjusting entry workflows, documentation standards, an' how to protect di integrity of issued financial statements, mi bredda.
Cutoff windows an' late-arriving dataApproval limits fi adjusting entriesWorkflow fi post-close adjustmentsDocumentation an' audit evidenceRestatements an' disclosure impactsLesson 4Day-by-day sample 10-day close calendar wid tasks an' dependenciesDis section walk through a sample 10-day close calendar, detailing daily tasks, dependencies, an' owners. It illustrate sequencing, checklists, an' review points dat teams can adapt to dem own systems an' organizational scale, yuh zeet.
Pre-close activities an' day 0 tasksDays 1–3: subledgers an' reconciliationsDays 4–6: accruals an' review cyclesDays 7–8: consolidation an' analyticsDays 9–10: reporting, sign-off, an' debriefLesson 5Task-level owners: GL, AR, AP, Payroll, Revenue accountant, Yuh (Accounting Manager) — responsibilities an' escalation pathsDis section assign task-level ownership across GL, AR, AP, payroll, an' revenue accounting. It define responsibilities, handoffs, escalation paths, an' backup coverage so accountability an' continuity are clear throughout di close, seen.
RACI fi GL, AR, AP, an' payrollRevenue accountant responsibilitiesAccounting manager oversight dutiesEscalation paths an' response timesBackup coverage an' cross-trainingLesson 6Key inputs fi each task: source systems, subledger reports, payroll files, bank feeds, billing reports, inventory movementsDis section map di key inputs required fi each close activity, including subledger reports, payroll files, bank data, an' inventory movements. It define owners, timing, formats, an' validation checks to ensure inputs are reliable, yuh hear.
Source systems an' subledger mappingsStandard subledger an' detail reportsPayroll, benefits, an' HR data filesBank feeds, statements, an' advicesInventory an' cost movement reportsLesson 7Templates an' standardized deliverables: reconciliation templates, journal entry templates, revenue cutoff worksheetsDis section define standard templates fi reconciliations, journal entries, an' revenue cutoffs. It explain required fields, controls, sign-offs, an' storage so deliverables are consistent, reviewable, an' audit ready each month, mi fren.
Balance sheet reconciliation template designStandard journal entry template fieldsRevenue cutoff an' deferral worksheetsTemplate version control an' governanceSign-off, dating, an' reviewer evidenceLesson 8Expected outputs fi each task: trial balance adjustments, reconciliations, journal entries, revenue schedules, management packDis section clarify expected outputs fi each close task, from trial balance adjustments to management reporting. It define format, owner, timing, an' quality criteria so every deliverable is clearly understood an' consistently produced, yuh know.
Trial balance an' adjustment listingsAccount reconciliation packagesStandard an' recurring journal entriesRevenue schedules an' rollforwardsMonthly management reporting pack
