Objective
An efficient, accurate and timely financial close cycle (beginning with the account reconciliation process) can create a foundation for evaluating business performance, supporting organizational decisions and satisfying external reporting requirements. Automation of the accounts reconciliation process is a critical step on the road to achieving “balance sheet integrity” and ultimately, a timely and efficient financial close. Fine tuning accounts reconciliation activities help in increasing the ability of the manager to identify and resolve issues proactively leading to accurate postings and ledgers. The issues that usually lead to accounts reconciliation are mostly preventable. By laying down an appropriate reconciliation and communication framework and providing adequate employee empowerment one gain better control over their books. This workshop teaches the best practices in reconciliation of accounts and financial transactions.
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