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Informationen zum Autor STEVEN M. BRAGG , CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte & Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of Accounting Best Practices and Accounting Policies and Procedures Manual , both published by Wiley. Klappentext Praise for Fast Close: A Guide to Closing the Books Quickly"Steve captures the essence of the problems affecting the financial close process within corporations of all sizes; from the period close of subledgers and general ledger through financial reporting, and the relationship and interdependencies of governance, people and technology. A must-read for the corporate controller."--David Taylor, ACMA, MBA, VP Strategy, Trintech Inc."Fast Close: A Guide to Closing the Books Quickly, Second Edition is a must-read for today's busy controllers. Steven Bragg points out everything that can be done outside the close that you just never realized didn't actually have to be part of the month-end close process! Very commonsensical approach!"--Kathleen Schneibel, mba, cpa, Controller/CFO for Hire, KMAS Consulting LLC"A well-executed 'fast close' can bring many valuable benefits to any company, from improving organizational performance to transforming accounting executives from financial historians to trusted advisors. In Fast Close, Second Edition, Steve systematically breaks down the steps required to achieve a fast close in both public and private companies, providing financial executives with tips, checklists, and a cost-effective road map to implement fast close procedures in virtually any company."--Matthew Posta, Esq., CPA, Vice President of Finance, Key Air, LLCFROM THE FIRST EDITION"This is an outstanding book in which Steve reveals his secrets to a fast close. Having personally experienced his (one-day) fast close for years and enjoyed the beneficial impact on my company, I highly recommend this book for all financial officers who desire to have a large, favorable impact on their company."--Richard V. Souders, President and CEO, Kaba Workforce Solutions Zusammenfassung Sarbanes-Oxley requires a faster delivery of the 10-Q, so everyone is scrambling to find ways to release financial information and statements sooner. Also, this is a major efficiency issue for the accounting department, which can get bogged down in financials issuance for weeks. Inhaltsverzeichnis Preface xv Chapter 1 Introduction 1 Different Types of Fast Close 1 Benefits of the Fast Close 2 Legal Issues Impacting the Fast Close 3 Steps to Achieve a Fast Close 4 Summary 6 Chapter 2 Your Current Closing Process 7 Traditional Closing Process: Basic 7 Additional Closing Tasks for the Multidivision Company 11 Additional Closing Tasks for the Multinational Company 12 Additional Closing Tasks for the Public Corporation 12 Problems with the Closing Process 13 Summary 17 Endnote 17 Chapter 3 Conducting a Review of the Closing Process 19 Steps in the Process Review 19 Payables Process Review 22 Billing Process Review 22 Inventory Process Review 24 Cash Process Review 26 Final Closing Process Review 26 Total Duration of the Closing Process 29 Summary 29 Endnote 29 Chapter 4 Alter the Timing of Closing Activities 31 Altering the Closing Mindset 31 Review and Correct Subledger Transactions Throughout the Month 32 Co...
