Working guide: Quick Annual Reporting: Within 15 Working Days Post Year-End
If you are not careful, your year-end accounts can take on a life of its own. Led by the auditors, who delay the audit to fit into their work schedule, giving them the luxury of hindsight. The delay encourages the accounting team to process adjustment after adjustment only to find the accounts have gone full circle with the year-end audited accounts within 5 percent of the starting numbers. This working guide covers the need for change, how to get the year-end organized, the technology to adopt, the steps to minimize the stress, and how to control all the data coming in from different sources. The working guide contains 20 pages designed to help readers to implement quick wins that will save their team time. The working guide comes with some electronic media, eg: templates, and checklists to assist in a swift implementation. I have spent around US$20,000 researching, writing and testing these working guides. I guarantee, if you purchase, read, and act you will save many times the cost of this guide.
This working guide gives you the answers to the following questions:
- How to make a truly compelling annual report?
- What makes a good annual report?
- How to prepare an annual report?
- How to get a high quality quicker closing process?
- What are the steps for a faster, better close?
- What are benefits of a fast close?
Written by international writer, David Parmenter. This working guide will transform the lives of you and your team through the adoption of practices your peers have used successfully who come from top performing teams around the world.
- The Five Stages for A Quick Year-End
- Selling the Need for Change
- Cost the Annual Accounts Process
- A Quick Year-End Is a Good Year-End
- Getting Organized
- Establish Year-End Reporting Rules within the Finance Team
- Help Get the Auditors Organized
- Renegotiate the Auditor’s Sign-off Deadline
- Have a Month 10 or 11 Hard Close
- Assembling a Well-Structured Financial Statement File
- Embrace Abandonment
- The Importance of Challenging The Status Quo
- Post-it Sticker Reengineering
- Scrum First Thing Every Morning During Year-End
- Using Technology
- Consolidation and Intercompany Software
- Fast Close Applications
- Collaborative Disclosure Management
- Project planning software using Trello
- Maximize the Use of the Existing G/L
- Minimize Year-End Stress
- Appoint an Audit Coordinator
- Complete the Drafting of the Annual Report before Year-End
- Limit When Changes Can Be Made
- Effective Stock Takes
- Estimating Added Value in Work in Progress and Finished Goods
- Effective Fixed Asset Verification
- Importance of the Internal Auditors
- Manage the Management Letter
- Derive More Value from the Interim Audit
- Restrict Access to Confidential Information to the Audit Partner
- Controlling the Last Mile and Maintaining Quality
- Data Capture from Reporting Entities
- Mapping to Group Systems and Control
- “Last-Mile” Information Handling
- Robust Quality Assurance Process
- Look for Those Last Two Errors
- Some Case Studies
This working guide will help you answer queries and guide you to a best practice solution in this area. These working guides are sent as a PDF copy, normally within 48 hours of payment.
Thank you for your interest in the intellectual property I have developed. I will send you the electronic media you have purchased as soon as I have received confirmation from PayPal.