Financial Close (Month-End/Year-End) Course
This comprehensive course equips learners with essential skills for mastering month-end and year-end financial closes. Participants will learn to create practical checklists, execute precise journal entries, implement revenue cut-off procedures, adjust inventory and foreign exchange positions, handle tax provisions, and produce accurate financial statements ready for audits, ensuring confidence and compliance in financial reporting.
from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain expertise in efficient month-end and year-end financial closing processes. This course covers managing fixed assets, depreciation, impairment testing, revenue recognition cut-offs, accounts receivables, inventory valuation methods, cost of goods sold calculations, provision estimations, foreign exchange transactions, and tax-related adjustments. Develop robust closing schedules, detailed checklists, and comprehensive documentation to withstand internal reviews and external audits successfully.
Elevify advantages
Develop skills
- Master fixed assets and depreciation with quick, precise month-end and year-end postings.
- Handle revenue, receivables, and accruals using strict cut-off procedures and accurate reserve calculations.
- Manage inventory and COGS through reconciliations, margin analysis, and NRV or obsolescence adjustments.
- Execute compliant provisions, foreign exchange, and tax year-end entries following US GAAP standards.
- Develop effective closing plans including calendars, checklists, and documentation prepared for audits.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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