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The Controllership Series: The Financial Close Process

The Controllership Series: The Financial Close Process

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Are you looking to begin your career or want to gain more advanced skills? Then this course will help you get one step closer to your professional aspirations and develop your skills and knowledge for a rewarding career.

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The Controllership Series: The Financial Close Process
 20 days left at this price
14 Days Money Back Guarantee
This course includes:

On demand videos

Articles

Downloadable resource

Practice test

Full lifetime access

Access on Mobile and TV

Certificate of completion

Booking Options

  • Overview

    A common challenge for the controller role is in closing the month-end and period-end books in preparation to issue financial statements. This duty requires precision, timing and efficiency.

    The closing process has traditionally been a slow one with many companies taking two weeks to close its subsidiary’s books and another two to three weeks to roll up and consolidated the results. In today’s face paced digital world, much has been done to help accelerate that process with integrated enterprise resource planning systems and general ledger and consolidate software.

    Within this session we will discuss the many facts involved in closing the books and provide insights into expediting the process in order to be able to create more timely financial statements. Typical steps in the accounting close process include:

    • Analysis of business transactions
    • Make JE’s
    • Post to Ledger Accounts
    • Prepare trial balance
    • Make adjusting entries
    • Prepare adjusted trial balance
    • Prepare financial statements
    • Close accounts
    • Prepare post-closing trial balance

     

    Within this segment we will discuss the elements of the financial close and also important concepts to assist the controller in accelerating their close timeline. This includes address all functional areas of the close including payroll, invoicing, payables, inventory, cash, and the general ledger. We will also discuss important concepts of ensuring your financial close is accurate by discussing bank reconciliations, overhead allocations, bad debt reserves, unpaid wages and accruals for vacation time, account reconciliations, deprecation and overall financial statement review.

    Learning Objectives

    • Discover and discuss the many facts involved in closing the books and provide insights into expediting the process in order to be able to create more timely financial statements.
    • Explore the elements of the financial close and also important concepts to assist the controller in accelerating their close timeline.
    • Discover the important concepts of ensuring your financial close is accurate by discussing bank reconciliations, overhead allocations, bad debt reserves, unpaid wages and accruals for vacation time, account reconciliations, deprecation and overall financial statement review.
  • Curriculum

    This comprehensive course is designed by industry experts; this course will provide you with the skills and knowledge you need to succeed. Not only will it make you more lucrative to potential employers, but it will also give you the confidence to apply for that dream job.

    This course is divided into bite-sized modules to make it easy to follow. The modules of this course cover all essential areas to provide you with the appropriate skills and industry knowledge to take your career to the next level. Whether you are travelling around the world or juggling work and family, this course can be completed anytime, anywhere. This flexibility enables you to learn at your own pace, fitting your studies around your current lifestyle.

    Course Curriculum

    Introduction
    Introduction to The Financial Close Process 00:27:00
    Monthly Close Steps 00:25:00
    Year End Accounting 00:12:00
    Consolidation 00:07:00
    Supplementary Resources
    Supplementary Resources – The Controllership Series: The Financial Close Process 00:00:00
    Obtain Your Certificate
    Order Your Certificate of Achievement 00:00:00
    Get Your Insurance Now
    Get Your Insurance Now 00:00:00
    Feedback
    Feedback 00:00:00
  • Accreditation

    This The Controllership Series: The Financial Close Process is accredited by Continuing Professional Development (CPD) and International Practitioners of Holistic Medicine (IPHM), and endorsed by Quality License Scheme

    CPD

    What is CPD?

    Employers, professional organisations, and academic institutions all recognise CPD, therefore a credential from CPD Certification Service adds value to your professional goals and achievements.

    Benefits of CPD

    • Improve your employment prospects
    • Boost your job satisfaction
    • Promotes career advancement
    • Enhances your CV
    • Provides you with a competitive edge in the job market
    • Demonstrate your dedication
    • Showcases your professional capabilities

    What is IPHM?

    The IPHM is an Accreditation Board that provides Training Providers with international and global accreditation. The Practitioners of Holistic Medicine (IPHM) accreditation is a guarantee of quality and skill.

    Benefits of IPHM

    • It will help you establish a positive reputation in your chosen field
    • You can join a network and community of successful therapists that are dedicated to providing excellent care to their client
    • You can flaunt this accreditation in your CV
    • It is a worldwide recognised accreditation

    What is Quality Licence Scheme?

    This course is endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries.

    Benefits of Quality License Scheme

    • Certificate is valuable
    • Provides a competitive edge in your career
    • It will make your CV stand out
  • Certification

    Upon successful completion of this The Controllership Series: The Financial Close Process, you will be qualified to download your free PDF certificate of course completion. It is advised, nevertheless, that you have a certificate and transcript that has been endorsed by the Quality License Scheme or accredited by CPD & IPHM which is highly valued and recognised by the employers in the UK and around the world.

    CPD and IPHM Accredited Certificate

    Upon successful completion of this The Controllership Series: The Financial Close Process, you will be eligible to order your CPD and IPHM accredited certificate of achievement (dual certificate) to demonstrate your new skills. A certificate from CPD Certification Service adds value to your professional goal and achievement because CPD is widely acknowledged by employers, professional organisations, and academic institutions. Whereas, an IPHM accredited certificate guarantees the quality and expertise that will help you establish a positive reputation within your targeted industry

    Numerous professional organisations and governmental agencies in the UK and other countries accept certifications that have been certified by CPD and IPHM. This means you can share this certificate with prospective employers and your professional network.

    The CPD and IPHM accredited certificate of achievement (dual certificate) can be obtained in PDF format at the nominal fee of £12; there is an additional fee to get a printed copy certificate which is £39.

    Endorsed Certificate from Quality Licence Scheme

    On successful completion of the The Controllership Series: The Financial Close Process, you will be eligible to order the Endorsed Certificate by Quality Licence Scheme. The Quality Licence Scheme is a brand of the Skills and Education Group, a renowned national awarding body for supplying top-notch vocational certifications across a wide range of industries. Thus, you can share this certificate with prospective employers and your professional network which will help you drive a successful career in your chosen industry. There is a Quality Licence Scheme endorsement fee to obtain an endorsed certificate

    StudyPlex Certificate of Achievement
  • Reviews

    Jayden

    Verified Customer

    Tutor explain concept which is very easy to understand and give me a really satisfying practice that i can do by my own self.

    Poppy

    Verified Customer

    Excellent course. Support material and lectures very well prepared. Explanations are clear and objective.

    Hobbs

    Verified Customer

    I got this course as a gift from my sister and I must say this is the best gift ever I had in my life! Thank you.

    Payne

    Verified Customer

    I can watch videos anytime, learn from them and study the materials whenever I want. Best academy!

    Maisie

    Verified Customer

    I truly enjoyed every videos and those were full of knowledgeable and to the point. I would like to take further more courses.

  • FAQ
    • Q

      What happens after I register ?

    • A After successfully registering for the course you will receive an email regarding your login details which will allow you access to your online training course.
    • Q

      Troubling to get the login details

    • A Upon successfully enrolling for a course you will receive an email with your login details. Kindly check your inbox/junk folder and spam folder, or you can contact our award-winning customer support team via [email protected]
    • Q

      Can I gift a course to someone else?

    • A Sure, you can gift any of our courses to your friend or dearest one. After purchasing any course as a gift kindly provide the learner’s details via [email protected], and then we will send your gift to the learner with the login details of the course.
    • Q

      I am outside the UK; can I enrol for this course?

    • A Definitely, you can enrol for this course. This is a self-paced online video training course. Once you will purchase the course you will receive your login details via email. As you will have lifetime access to the login portal, hence you can complete your course at your convenient time.
    • Q

      Can I study from a smartphone or a tab?

    • A Our online courses come with lifetime access with no time limit for completion. Each course is fully accessible from a tablet, mobile or laptop, as long as there is a secure internet connection.
    • Q

      What is the next step after completing the course?

    • A Upon successfully completing the course you can order your certificate of achievement as proof of your new skill.

    Ask a Question

    ✶

A common challenge for the controller role is in closing the month-end and period-end books in preparation to issue financial statements. This duty requires precision, timing and efficiency.

The closing process has traditionally been a slow one with many companies taking two weeks to close its subsidiary’s books and another two to three weeks to roll up and consolidated the results. In today’s face paced digital world, much has been done to help accelerate that process with integrated enterprise resource planning systems and general ledger and consolidate software.

Within this session we will discuss the many facts involved in closing the books and provide insights into expediting the process in order to be able to create more timely financial statements. Typical steps in the accounting close process include:

  • Analysis of business transactions
  • Make JE’s
  • Post to Ledger Accounts
  • Prepare trial balance
  • Make adjusting entries
  • Prepare adjusted trial balance
  • Prepare financial statements
  • Close accounts
  • Prepare post-closing trial balance

 

Within this segment we will discuss the elements of the financial close and also important concepts to assist the controller in accelerating their close timeline. This includes address all functional areas of the close including payroll, invoicing, payables, inventory, cash, and the general ledger. We will also discuss important concepts of ensuring your financial close is accurate by discussing bank reconciliations, overhead allocations, bad debt reserves, unpaid wages and accruals for vacation time, account reconciliations, deprecation and overall financial statement review.

Learning Objectives

  • Discover and discuss the many facts involved in closing the books and provide insights into expediting the process in order to be able to create more timely financial statements.
  • Explore the elements of the financial close and also important concepts to assist the controller in accelerating their close timeline.
  • Discover the important concepts of ensuring your financial close is accurate by discussing bank reconciliations, overhead allocations, bad debt reserves, unpaid wages and accruals for vacation time, account reconciliations, deprecation and overall financial statement review.

This comprehensive course is designed by industry experts; this course will provide you with the skills and knowledge you need to succeed. Not only will it make you more lucrative to potential employers, but it will also give you the confidence to apply for that dream job.

This course is divided into bite-sized modules to make it easy to follow. The modules of this course cover all essential areas to provide you with the appropriate skills and industry knowledge to take your career to the next level. Whether you are travelling around the world or juggling work and family, this course can be completed anytime, anywhere. This flexibility enables you to learn at your own pace, fitting your studies around your current lifestyle.

Course Curriculum

Introduction
Introduction to The Financial Close Process 00:27:00
Monthly Close Steps 00:25:00
Year End Accounting 00:12:00
Consolidation 00:07:00
Supplementary Resources
Supplementary Resources – The Controllership Series: The Financial Close Process 00:00:00
Obtain Your Certificate
Order Your Certificate of Achievement 00:00:00
Get Your Insurance Now
Get Your Insurance Now 00:00:00
Feedback
Feedback 00:00:00

This The Controllership Series: The Financial Close Process is accredited by Continuing Professional Development (CPD) and International Practitioners of Holistic Medicine (IPHM), and endorsed by Quality License Scheme

What is CPD?

Employers, professional organisations, and academic institutions all recognise CPD, therefore a credential from CPD Certification Service adds value to your professional goals and achievements.

Benefits of CPD

  • Improve your employment prospects
  • Boost your job satisfaction
  • Promotes career advancement
  • Enhances your CV
  • Provides you with a competitive edge in the job market
  • Demonstrate your dedication
  • Showcases your professional capabilities

What is IPHM?

The IPHM is an Accreditation Board that provides Training Providers with international and global accreditation. The Practitioners of Holistic Medicine (IPHM) accreditation is a guarantee of quality and skill.

Benefits of IPHM

  • It will help you establish a positive reputation in your chosen field
  • You can join a network and community of successful therapists that are dedicated to providing excellent care to their client
  • You can flaunt this accreditation in your CV
  • It is a worldwide recognised accreditation

What is Quality Licence Scheme?

This course is endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries.

Benefits of Quality License Scheme

  • Certificate is valuable
  • Provides a competitive edge in your career
  • It will make your CV stand out

Upon successful completion of this The Controllership Series: The Financial Close Process, you will be qualified to download your free PDF certificate of course completion. It is advised, nevertheless, that you have a certificate and transcript that has been endorsed by the Quality License Scheme or accredited by CPD & IPHM which is highly valued and recognised by the employers in the UK and around the world.

CPD and IPHM Accredited Certificate

Upon successful completion of this The Controllership Series: The Financial Close Process, you will be eligible to order your CPD and IPHM accredited certificate of achievement (dual certificate) to demonstrate your new skills. A certificate from CPD Certification Service adds value to your professional goal and achievement because CPD is widely acknowledged by employers, professional organisations, and academic institutions. Whereas, an IPHM accredited certificate guarantees the quality and expertise that will help you establish a positive reputation within your targeted industry

Numerous professional organisations and governmental agencies in the UK and other countries accept certifications that have been certified by CPD and IPHM. This means you can share this certificate with prospective employers and your professional network.

The CPD and IPHM accredited certificate of achievement (dual certificate) can be obtained in PDF format at the nominal fee of £12; there is an additional fee to get a printed copy certificate which is £39.

Endorsed Certificate from Quality Licence Scheme

On successful completion of the The Controllership Series: The Financial Close Process, you will be eligible to order the Endorsed Certificate by Quality Licence Scheme. The Quality Licence Scheme is a brand of the Skills and Education Group, a renowned national awarding body for supplying top-notch vocational certifications across a wide range of industries. Thus, you can share this certificate with prospective employers and your professional network which will help you drive a successful career in your chosen industry. There is a Quality Licence Scheme endorsement fee to obtain an endorsed certificate

Jayden

Verified Customer

Tutor explain concept which is very easy to understand and give me a really satisfying practice that i can do by my own self.

Poppy

Verified Customer

Excellent course. Support material and lectures very well prepared. Explanations are clear and objective.

Hobbs

Verified Customer

I got this course as a gift from my sister and I must say this is the best gift ever I had in my life! Thank you.

Payne

Verified Customer

I can watch videos anytime, learn from them and study the materials whenever I want. Best academy!

Maisie

Verified Customer

I truly enjoyed every videos and those were full of knowledgeable and to the point. I would like to take further more courses.

  • Q

    What happens after I register ?

  • A After successfully registering for the course you will receive an email regarding your login details which will allow you access to your online training course.
  • Q

    Troubling to get the login details

  • A Upon successfully enrolling for a course you will receive an email with your login details. Kindly check your inbox/junk folder and spam folder, or you can contact our award-winning customer support team via [email protected]
  • Q

    Can I gift a course to someone else?

  • A Sure, you can gift any of our courses to your friend or dearest one. After purchasing any course as a gift kindly provide the learner’s details via [email protected], and then we will send your gift to the learner with the login details of the course.
  • Q

    I am outside the UK; can I enrol for this course?

  • A Definitely, you can enrol for this course. This is a self-paced online video training course. Once you will purchase the course you will receive your login details via email. As you will have lifetime access to the login portal, hence you can complete your course at your convenient time.
  • Q

    Can I study from a smartphone or a tab?

  • A Our online courses come with lifetime access with no time limit for completion. Each course is fully accessible from a tablet, mobile or laptop, as long as there is a secure internet connection.
  • Q

    What is the next step after completing the course?

  • A Upon successfully completing the course you can order your certificate of achievement as proof of your new skill.

Ask a Question

✶

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