The Year-End Close FLEXCAST
Available Until
Your Desk
3.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
This course clarifies for the accountant the intricate series of activities needed to correctly close the books at year-end. Following the guidance in this course reduces the risks of having closing errors and issuing incorrect financial statements. The course itemizes closing activities for the fiscal year, as well as other activities required at the end of the calendar year. There is a particular emphasis on such major areas of accounting as receivables, inventory, fixed assets, payables, and payroll. Additional tasks required for the year-end close of a publicly held company are also described.
Highlights
Year-end close. Receivables yea-end. Inventory year-end. Fixed assets year-end. Payables year-end. Payroll year-end. Public company year-end. Closing checklist.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Recognize the staffing policies needed to ensure that there are sufficient staff on hand to complete the year-end close. Identify the activities involved in archiving accounting documents. Specify the steps involved in the construction of the annual budget. Identify the contents of the year-end binder. Recognize the situations in which a soft close is more likely to result in financial statement errors. Specify how to verify the reasonableness of the balance in the allowance for doubtful accounts. Recognize the tasks involved in the year-end examination of open jobs, and more.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $56.00
Member Price $49.00