Rapid Year-End Accounts 2020


While annual reporting is an important legal requirement, it does not create any value within your organisation. Accounting functions therefore need to find ways to extract value from the process while at the same time bringing the annual accounts process down into a tight time frame.

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The year-end process is part of the trifecta of lost opportunities for a corporate accountant. The other two being the annual budgeting and the monthly accounts processes. All three exercises keep the corporate accountant locked into processing and reporting leaving little time for added value activities.

  • Getting organised (better practice year-end rules, month 12 is the year-end, effective communication with the auditors, establish an audit coordinator role, post-it re-engineering, scrums, Kanban boards, abandonment of unnecessary and potentially dangerous spreadsheets)
  • Using Technology to save time (using consolidation, intercompany, fast close software and disclosure management software)
  • Minimising year-end stress and resource requirement (efficient stock, debtors and fixed asset procedures, hard close at month 10 or 11.)
  • Controlling the last mile and maintaining quality (handling the myriad of data, quality assurance of annual report, avoiding the number noise of a constantly shifting bottom line)

    • Learning Outcomes

    On satisfactory completion of this webinar you will be able to;

  • Analyse your current processes and identify any year-end bottlenecks that are slowing down production.
  • Formulate a plan to help better organise your current year-end processes.
  • Apply a thorough quality assurance check to eliminate errors in your annual report.

    • Benefits

    Achieve audit clearance within three weeks of year-end, with less adjustments, stress and errors. Attendees will receive an electronic download of support material to assist with implementation

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    David Parmenter

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    EVENT DETAILS


    Topic: Business Mindset, Corporate Finance, People & Leadership, Reporting

    Sub-Topic: Business Planning & Analysis, Business Reporting, Finance Management, Financial Reporting, Operational Excellence, Project Management, Solve Problems

    Format: Recorded Webinar

    Proficiency Level: Intermediate, Advanced

    CPD: Upto 1.5 hours