Best Practices for a Quicker Financial Close
Learn how top performing companies close their books each month in less than five days. (1 CPD)
The pressure on the finance function has never been higher to deliver financial results as soon as possible after the period. Managers, analysts, Boards, and investors are digesting market information in real time and are beginning to expect the same of financial results. To meet these high expectations, the CFO and controller need to find ways to speed up their financial close processes to report the financial results before they become perceived as old news in the new world. In this course, Blair Cook, a many-time CFO, will explore ideas for shortening the financial close process. Leading companies have found ways to close their books in as little as one day and see the benefit of almost real-time analysis (in addition to the actual period financial data) that can be performed with a shorter close.
Blair is a many-time corporate director, CFO, educator, innovator, thought leader, presenter, and curiosity generalist. As an academic-practitioner, he’s a perpetual learner who observes and experiments with various financial and management theories in real world context. He shares stories of his successes, failures, and lessons learned to all those who share a passion for further developing their own financial leadership qualities. His focus is on defining and developing a career path for financial professionals aspiring to the Office of the CFO and the Board of Directors. Blair is the author of The Illiterate Executive: An Executive Handbook for Mastering Financial Acumen.
PreviewCheck out What We Will Cover in this Course! (5:16)
StartChallenges with Achieving the Fast Close (4:57)
StartIdeas for Speeding Up Your Close Process (17:58)
StartUsing Change Management Principles to Speed up the Close Process (18:03)
StartCourse Conclusions (3:42)
StartCourse resources: glossary and script
StartTime to Test Yourself: Take the Quiz
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