As regional markets open up and more companies have to satisfy an increasing array of stakeholders, the ability to close the books and produce financial statements rapidly is an essential ingredient for success at local entity and consolidation level.
As a financial professional you will appreciate the many advantages of accelerated closing with improved data quality. Not only does fast closing result in increased efficiency that allows you to meet the demands put upon the finance and accounting functions by stakeholders, but it also frees up departmental resources for more value-added tasks. IIR’s 2009 Fast Closing course has been updated and revitalised. Fast Close In The Local Subsidiary – Accelerating The Close Of The Local Books will show you the methodology for fast close and how it can be applied to accelerate the close of the local books of account, including sub ledgers and general ledger. You will see benchmarks for fast close at the local entity and examine the processes needed to be applied to accelerate the close locally. In particular you will learn the tools and techniques for understanding what is slowing your current close and how you can design much faster close processes locally. There will also be real life case studies on local close acceleration in many industries. Fast Close In The Group Holding Company – Accelerating The Close Of The Group Consolidation teaches you the methodology and techniques needed to accelerate the group close and reviews the systems, policies and organisation needed to support a faster group consolidation and close. It also helps you understand how to run a fast close programme across your whole group. If you are interested in the whole end to end close process you should attend the entire five days to get the full benefits of the programme. However, if you are only interested in the local books close process you should attend Part I, the three days course on 11 – 13 October and if you are only interested in Group Consolidation and group wide acceleration you should attend Part II, the two day course on 14 – 15 October 2009. Attending the whole five day course will give you a complete holistic guide to close acceleration across an entire multi-entity and multi-national corporate group. There is no doubt that the faster availability of data will have a knock-on efficiency effect throughout the organisation: - More effective performance management based on better quality and more timely data
- Cost savings and revenue growth through better and faster decision making
- Cost savings by reducing slow and burdensome tasks in the current close
- Better control and risk management through enhanced close and consolidation processes
- Empower and invigorate your finance teams to focus on what matters
- Free up expensive finance resource from the “actual close treadmill” to allow better and faster analysis of performance, better fore casting a better decision making and more effective partnering with your business functions
Led by David Jones, both Part I and Part II of the course will be highly practical and case-study driven. David has been working on improving close cycles, transaction processing efficiency, group reporting, consolidation, budgeting processes, developing enterprise performance management and improving the overall efficiency of the finance function for over 20 years and is working with clients in the region and across Europe on these topics today. So, there are ample references to practical, real and current client situations throughout the course.
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