How organizations can streamline the month-end close
By: Farr, Liz [author]
Language: English Copyright date: 2018 In: Journal of Accountancy Mar 2018, Vol. 225 Issue 3, pages 22 - 25Summary: The article discusses the ways sought by companies to streamline processes for month-end closing of books, which can make accountants spend less time collecting numbers, gives opportunity to take corrective action, and resulting to efficiencies and cost savings. It offers practices to smooth the process, including developing and documenting standard procedures, cross-training the critical steps, and considering materiality for estimates.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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JOURNAL ARTICLE
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COLLEGE LIBRARY | COLLEGE LIBRARY PERIODICALS | Not for loan |
Total holds: 0
The article discusses the ways sought by companies to streamline processes for month-end closing of books, which can make accountants spend less time collecting numbers, gives opportunity to take corrective action, and resulting to efficiencies and cost savings. It offers practices to smooth the process, including developing and documenting standard procedures, cross-training the critical steps, and considering materiality for estimates.
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