A common challenge for the controller role is in closing the month-end and period-end books in preparation to issue financial statements. This duty requires precision, timing and efficiency.

In today’s digital world, many organizations have access to financial accounting software that will assist with the steps in the financial close. However, even with this aid it is critical the accountant understand the various steps for the close process and how they inter-relate to other accounting processes. This course gives you an insight into the inter-relationships between many processes that impact the financial close.

The closing process has traditionally been a slow one with many companies taking two weeks to close its subsidiary’s books and another two to three weeks to roll up and consolidated the results. With the introduction of technology much has been done to help accelerate that process with integrated enterprise resource planning systems and general ledger and consolidate software.

Within this session we will discuss the many facts involved in closing the books and provide insights into expediting the process in order to be able to create more timely financial statements. Typical steps in the accounting close process include:

  • Analysis of business transactions
  • Make journal entries
  • Post to Ledger Accounts
  • Prepare trial balance
  • Make adjusting entries
  • Prepare adjusted trial balance
  • Prepare financial statements
  • Close accounts
  • Prepare post-closing trial balance

Within this segment we will discuss the elements of the financial close and also important concepts to assist the controller in accelerating their close timeline. This includes addressing all functional areas of the close including payroll, invoicing, payables, inventory, cash, and the general ledger. We will also discuss important concepts of ensuring your financial close is accurate by discussing bank reconciliations, overhead allocations, bad debt reserves, unpaid wages and accruals for vacation time, account reconciliations, deprecation and overall financial statement review.

Note: This course does not address utilizing technology in the financial close. Its focus is to understand the varied procedures involved in the financial close whether or not technology is utilized.

Learning Objectives
  • Discover and discuss the many facts involved in closing the books and provide insights into expediting the process in order to be able to create more timely financial statements.
  • Explore the elements of the financial close and also important concepts to assist the controller in accelerating their close timeline.
  • Discover the important concepts of ensuring your financial close is accurate by discussing bank reconciliations, overhead allocations, bad debt reserves, unpaid wages and accruals for vacation time, account reconciliations, deprecation and overall financial statement review.
Last updated/reviewed: March 21, 2024

Included In Certifications

This course is included in the following Certification Programs:

20 CoursesThe Controllership Series Certification

  1. The Controllership Series: The Controller Function - Elevating the Role
  2. The Controllership Series: The Controller Function - Strategic and Annual Planning
  3. The Controllership Series: The Controllers Role in Financial Forecasting
  4. The Controllership Series: Future Role of the Controller – Part 1
  5. The Controllership Series: Future Role of the Controller – Part 2
  6. The Controllership Series: The Controller Function - Cash and Investments
  7. ASC 842 Accounting for Leases - Deep Dive
  8. The Controllership Series: The Controller Function - Inventory Part 1
  9. The Controllership Series: The Controller Function - Inventory Part 2 - Inventory Valuation, Physical Inventory Methods and Inventory fraud
  10. The Controllership Series: Overhead, Direct and Indirect Costs and Allocation Methods
  11. The Controllership Series: Financial Statement Preparation and Presentation
  12. The Controllership Series: The Controllers Role in the Procurement Function
  13. The Controllership Series: The Role of The Controller in ESG
  14. The Controllership Series: The Controllers Role in Pro Forma Financials
  15. The Controllership Series: The Controllers Role in Data Analytics and Big Data
  16. The Controllership Series: Introduction to the Financial Close Process
  17. The Controllership Series: Managerial Accounting Basics and Cost Principles
  18. The Controllership Series: Sales, Collections and Customer Credit
  19. The Controllership Series: Addressing Cash Flow and Forecasting Uncertainty
  20. Tools for The Controllership Series Certificate
226 Reviews (1180 ratings)

Reviews

5
Member's Profile
This course covered the entire steps of the financial close process. The concepts, processes, and definitions are well-presented and are easy to comprehend. It is an extremely useful course for accountants all over the world. It helps beginners to understand the process and experienced accountants to revise their knowledge about the financial close process.

3
Anonymous Author
I was disappointed to be honest. I have been a big fan of the other courses in this series, but I found that this information covered was very basic for a controller role. Based on the course description, I had expected the course to cover more advanced topics related to the close process, not an overview of the basics like which GL accounts are temporary etc.

5
Anonymous Author
The Controllership Series: Introduction to the Financial Close Process The Controllership Series: Introduction to the Financial Close Process The Controllership Series: Introduction to the Financial Close Process The Controllership Series: Introduction to the Financial Close Process The Controllership Series: Introduction to the Financial Close Process

5
Anonymous Author
The Controllership Series: Introduction to the Financial Close Process course is well-designed and easily digestible. The exam was easy but also meaningful. The course simplifies complex concepts, making them easy to grasp. While it may not satisfy all levels of expertise, it is an excellent starting point for those new to understanding balance sheets.

5
Anonymous Author
This was very helpful and informative. The instructor was very clear and was easy to understand and follow. The accompanying slides were also very informative and helpful. I would recommend this course to anyone who is interested in learning more about the monthly or yearend close process. This course is great and will recommend to my colleges.

4
Anonymous Author
This course does a great job of breaking down the entire financial close process starting from the preparation. It goes in depth about all of the different reconciliations and schedules needed to assist in the close process. It is a useful review or tool for anyone preparing to go through this process themselves.

5
Anonymous Author
The course a great basic overview of the closing process. It covers at a high level just about everything from journal entry to consolidation and elimination entries. From the title I would have liked more on the elimination entries and what those entries would have looked like.

5
Member's Profile
Solid refresher on the accounting cycle, particularly the reasons behind the purpose of closing the books correctly which may seem obvious to a seasoned accountant but a good reminder on the importance of the fundamentals especially when it comes to accrued accounts.

3
Anonymous Author
I was expecting a bit more from a controller series. Hoping for tips to make it smoother or a more in-depth discussion of closing software. Maybe a more technical course. This is a good overview for someone who is new to the close process or needs a refresher.

5
Member's Profile
I'm renewing my license after a very long hiatus, but fortunately all the material in this course still is familiar and seems like common sense. This would be a good overview for someone moving from, say, AR or AP to Controller (hence the name of the series:)

5
Anonymous Author
This was a great course for all accountants in the Controller role. Odds are you're no longer thinking about these processes, since most accounting software do these for you, but I recommend everyone brushing up on them for your own self-edification.

3
Member's Profile
I appreciate the fact that this was a refresher of the basics of the financial close process, but it was extremely elementary and this shouldn't be included in a "controllership" series targeted at controllers or those aspiring to be controllers.

4
Member's Profile
Overall good course. It appeared to be cobbled together from more than one source. I became a bit lost in the last two segments on running batch jobs in accounting software to finalize and zero out the P/L accounts and the consolidation process.

5
Anonymous Author
This was an excellent course that gave an overview of the month end close process. I liked that the instructor differentiated between the process of a monthly close and an annual close because there are some extra steps with the annual close.

5
Member's Profile
Loved it! Great course that accurately reflects what it is like to be a controller and what is the purpose of the financial statements. Even as a controller myself, I found new things to help me in my day-to-day responsibilities. Thank you!

5
Anonymous Author
Loving the Illumeo platform. There is a variety of content. I'm not as involved in the close process as I have been in the past, this was a very useful reminder of key considerations as I reflect on how it affects my responsibilities.

4
Anonymous Author
overall a good course but highly simplistic and not going into any details on the myriad of issues that surround the close process, especially the judgement involved in ensuring balances are fairly stated with a deadlines for close

5
Anonymous Author
Professor Lynn - another great course. This is a great refresher course on closing the books, paying attention to ensure that certain steps are carried out before closing the books whether monthly, quarterly or annually.

3
Anonymous Author
I found the course to be very high level and basic. The content covered material that would be found in a principles or intermediate accounting class. The references to using manual or paper ledgers seems outdated.

5
Anonymous Author
This overview of the close process was a nice refresher on what to gather and what order to review/reconciled before preparing the financials statements. Could make a good checkoff list from this process.

5
Member's Profile
This course was informative. It provided a review for the knowledge I learned in college. I think if more detailed material, such as accrual for A/R and A/P, prepaid are included will be more beneficial.

5
Member's Profile
This is a good summary of the closing process. Lists all the important accounts that must be reconciled as part of the monthly, quarterly or annual close. I found the lecture concise and quite informative

4
Anonymous Author
This course was very interesting as I have gone through many close processes. Due to that, I knew some of what was being discussed but also learned some new areas of the close process and terminolgy.

5
Anonymous Author
It is very helpful, through the course, I can learn the full picture of the Financial closing process. The materials are relevant and it helped me to achieve the goals the learning purpose......

5
Member's Profile
This course gives an overview about accounting closing book concepts. It was very detailed and instructive. It helped you understand what needs to be closed and what to do to close the books.

5
Anonymous Author
Information well organized in proper sequential order and clearly presented. Examples were appropriate and would help even a non-accounting person understand what is required and expected.

5
Anonymous Author
Another great course. I really like the structure of the slides, and relevance of mc questions. The material is just a review for me at this point to maintain the license. Thank you

5
Anonymous Author
A very good presentation of the financial close process. Appropriate for those new and intermediate, and of course, a nice reminder of things for those with advanced backgrounds.

5
Member's Profile
This course was very informative. The instructor did a great job highlighting the importance of the financial close process and different topics to think about when completing it.

5
Anonymous Author
Lynn did a great job explaining the definition and purpose of closing the books, the monthly and annual close process. The difference between a Trial Balance and the financials.

5
Member's Profile
Great review of the financial close process. I have not done this in a while and I appreciated the refresher on all that the process entails, how to do it and why it's important.

4
Anonymous Author
Good refresher course on what to include in the period close. I need to instruct my new associate in a proper close and this was very helpful in preparing me to prepare them!

5
Member's Profile
Lynn, I was happy to take this course in the Controllership series. It reinforced my knowledge and showed me that I know a thing or two about closing the books :). Larry

5
Anonymous Author
Good overview of the close process and a refresher of the process. There could be more focus on the fact that an ERP / GL application automates many of the steps outlined.

5
Anonymous Author
Excellent course detailing the financial close process and the importance to the company of having a timely and accurate closing and preparation of financial statements.

5
Member's Profile
Excellent review course for the financial close process. Great review of the correct order of events and things to remember prior to financial statement preparation.

5
Anonymous Author
Good overview of the fundamentals of periodic close, course invluded good reminders of process to complete to ensure an efficient and accurate periodic close process.

5
Member's Profile
This was a good overview of the Financial Close Process. I have heard this instructor before and find her highly intelligent, easy to understand and easy to follow.

5
Anonymous Author
Good video on the closing process. discussed all the major accounts that must be reconciled as part of the monthly or annual close. Instructive was informative.

3
Anonymous Author
repetitive info, presentation could be more professional (once presenter started repeatedly saying literally and irregardless, i couldn't focus on the content)

5
Anonymous Author
Solid overview of the accounting close process. Was nice refresher at a high level as an accountant stuck in the weeds. Questions were easy to follow as well.

4
Member's Profile
Good introductory information. Probably, not for a Controller. Was expecting something a little bit more advanced, but, nevertheless, a well-presented course.

5
Anonymous Author
Ms. Fountain responded to my question very quickly and provided a detailed and comprehensive answer. I enjoy her lectures and the vast knowledge she shares.

5
Anonymous Author
A solid close process is a critical part of any business; I like how this course goes into detail in outlining what should be done to prepare for the close.

4
Anonymous Author
This was a helpful course if you are interested in learning about controllership and the close process. It was dry at times but the information is useful.

5
Anonymous Author
I thought this course was very interesting and helpful. I thought the instructor explained the topic very well. I would recommend this course to others.

5
Anonymous Author
The format of this course made it really easy to understand the concepts. The material was well organized and summarized in a clear and succinct manner.

5
Anonymous Author
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4
Anonymous Author
The presentation was methodical. The material was broken down appropriately into key components of the financial close process making it easy to follow.

5
Member's Profile
Well presented in logical and sequential manner to match standard closing process and provide information at an optimal level of big picture vs detail.

5
Member's Profile
This course is a nice overview of a generic close process. As usual, Lynn does a good job of focusing on the main points without getting too granular.

3
Anonymous Author
Some of the actions described no longer seem to fit in with today's accounting systems and date from a time when, for example, they were not yet used.

5
Member's Profile
Very useful course for not only internal accountants, but also external auditors. Provides good background on the various phases of the close process.

3
Anonymous Author
Basic course, but content good nonetheless. More principles based rather than reality of working in ERP systems with checklist examples for instance.

5
Anonymous Author
Overall really enjoyed, thanks for providing! It was information that I obviously knew when obtaining CPA, but always love a good refresher course.

5
Anonymous Author
This is a good high level look at what it means to close the books each month. Would recommend to anyone who isn't familiar with closing the books.

4
Anonymous Author
This was a refresher, I wanted to be sure our processes were following best practices. There are small improvements we can make in our process.

5
Anonymous Author
Classes was very straight to the point and educational. The professor quickly gave the information out in a concise matter. Very helpful class.

5
Anonymous Author
We are victims of our imagination in everything and almost always: it is in a hurry to cover the slightest ray of truth with its mottled veil.

5
Member's Profile
Information was easy to understand and egaging it. definitely recomend to those looking to understand a quick overview of the close process.

5
Anonymous Author
The instructor clearly understood and presented the close process. It was nice that she had actually worked in g/l close processes before.

5
Anonymous Author
Very informative. I really enjoyed the course and feel like I am better equipped to be in a controllership role in the future if presented.

5
Member's Profile
I am currently a CFO but skipped the Controller role. This was helpful in learning and reminding the basics of a thorough close process

5
Member's Profile
This course did a very good job at making the whole close process understandable and simplified. All the pieces and parts work together.

4
Anonymous Author
Good general information on the close process. I wish there were maybe some examples with numbers to work through some of the process.

5
Anonymous Author
Another great course from Lynn. the information is laid out in an easily digestible way for students to understand and apply. Thank you!

4
Member's Profile
The course provided a general overview of the accounting close process, catered to someone who is not involved in the close process.

5
Anonymous Author
This is great for anyone who hasn't worked in an industry accounting role to see the process accountants go through monthly/annually.

5
Anonymous Author
Great overview of the monthly financial close process. Also helpful to use as a checklist for the monthly and annual close process.

5
Anonymous Author
Great refresher on month-end close processes. After year's of industry specific costing an overall understanding is good to have.

4
Anonymous Author
This a good CPE course. very effective learning and the quiz and exam are feasible. The power point slides can be more creative.

5
Anonymous Author
Great refresher on bookkeeping/accounting terminology and best practices for closing the books on a monthly and annual basis.

5
Anonymous Author
Good overview of the steps needed for an expedient close, especially those needed for larger entities that do consolidations.

4
Anonymous Author
The logical ordering of the course was helpful. More focus on closing the books in a high-tech ERP setting would be helpful.

3
Anonymous Author
they didn't give clear examples on the courses and it was hard to navigate through it unless you go to search by yourself

3
Anonymous Author
Good introduction to employees who are new to the closing process. Appreciate for the availability of course materials.

5
Anonymous Author
The presentation seemed to cover all the basics of a financial close at different time periods which was a good review.

5
Anonymous Author
Detail discussion of the 9 step accounting cycle. Informative and practical to implement during in the corporate world.

3
Member's Profile
This course was very basic accounting close process principles. A good refresher I guess, but seemed extremely basic.

5
Member's Profile
Lynn strikes again. Always doing a great job of breaking down what you need to know (and none of that other stuff!)

4
Anonymous Author
This course properly reviewed the learning objectives, but could be updated to further describe elimination entries.

5
Member's Profile
This course was concise and clear in the delivery of materials. It was organized in a way that made sense as well.

5
Anonymous Author
Very detailed and informative layout of the month and year end close processes. Thank you for the great material!

5
Member's Profile
It was a good course - a good review of the financial close process. The instructor and slides were clear.

4
Anonymous Author
Great overview of the close process. This would be a good course for all involved in the close process to take.

5
Anonymous Author
Very interesting course. would highly recommend always good to refresh our knowledge and learn new information.

5
Member's Profile
Good course as part of the Controllership series, it goes over the close process and what it takes to complete.

5
Anonymous Author
This course provided a well articulated overview of the close process. Was easy to understand and very helpful.

5
Member's Profile
Lynn has great expertise and her course on the financial close process was very well organized and presented.

5
Anonymous Author
Though these appear to be preliminary topics for a controller, its a good revision of what was learned earlier

5
Anonymous Author
Thought it covered the topics thoroughly. Enjoyed the slides very very much. Thank you for putting together.

4
Member's Profile
Good but slightly basic. Most folks use software to do many of these tasks and that's not fully considered.

5
Anonymous Author
This was a helpful course with an appropriate amount of time allotted to meet the stated learning objectives.

4
Anonymous Author
Easy to follow course. I'm not sure the review questions focused on the most important aspects of the course.

4
Anonymous Author
Revenue Accounts are those accounts that report income of the business and therefore have credit balances.

5
Anonymous Author
Great course with tons of content and learning material. The material was all straightforward in my opinion.

5
Member's Profile
Having a quiz is helpful, so you can go back to review any areas of weakness prior to taking the final exam.

4
Anonymous Author
This course was very helpful and provided a lot of insight into what takes place when the books are closed.

5
Anonymous Author
Great course, I like the instructor. She makes the material easy to follow which prepares you for the exam.

5
Anonymous Author
Lynn does such a great job with her trainings. They are engaging and relevant. I found this to be useful.

5
Anonymous Author
Very well organized. A great overview of the Accounting Close process and background on why it is needed.

5
Anonymous Author
This course covered the objectives but only gives you a high level "list" to complete the close process.

5
Member's Profile
This course was very helpful and provided a good refresher. I highly recommend this course to other CPAs!

5
Member's Profile
Good knowledge that applies directly to my job and the processes that we follow monthly and at year end.

4
Member's Profile
great course, lots of great information here on the close process. Good refresher for year end reporting.

5
Anonymous Author
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5
Anonymous Author
good overview and summary of effective monthly close processes and planning procedures to incorporate.

5
Member's Profile
Good information for month end close - some was pretty basic, but gives an understanding of the process

5
Anonymous Author
Good stuff. very good, very very very very good.......................................................

5
Member's Profile
Very clear and easy to follow. Even though I am responsible for this monthly I learned a few things.

5
Anonymous Author
Great overview and refresher of the basics as well as more advanced concepts such as consolidations.

5
Member's Profile
It was quite essential training to understand the closing process, and want to recommend. Thanks!

4
Anonymous Author
Very basic for a controller level course... No one in an actual controller role would need this info

5
Member's Profile
I liked it. Good basis for an accounting close. It's nice to have a refresher every once in awhile.

5
Anonymous Author
Very good. I appreciated going through the basics and getting to learn more about the close process.

5
Anonymous Author
Enjoyed this walk through of month end and year end close. Was a good refresher on what needs done.

3
Anonymous Author
The concepts and presentation were very high-level, but this feels like a good course for beginners.

5
Anonymous Author
This course was very informative and helps to review the basic concepts of the accounting process.

4
Member's Profile
Good course. Reviewed basics and had some good points on preparation process pre-close activities.

5
Anonymous Author
Really great course. Very helpful for someone like me that does not deal with bookkeeping very much

5
Member's Profile
Ms. Fountain was clear and concise while giving a good overview of the accounting close process.

5
Anonymous Author
While basic, this review is a good refresher on processes and procedures when closing the books.

2
Anonymous Author
Very basic. I was expecting it to go into more detail. Wasn't super impressed with the course.

2
Anonymous Author
I personally felt that this course was at a very basic level, and not targetted for Controllers

5
Anonymous Author
Very basic information for the new accountant. May be too low-level for a Controller position.

5
Anonymous Author
Very good foundational course for non-accountants. Covered all basic concepts around close.

5
Anonymous Author
Overall this was a good review of the closing process. I would recommend to new accountants.

5
Anonymous Author
This course provided good framework for the financial close process and related activities.

5
Member's Profile
Awesome lecture and slides. Content and lecture was clear and accurate and well organized.

5
Member's Profile
Good overview of the basic things to remember and consider before, during, and after close.

5
Member's Profile
It is basic concept for the financial close process but you would be need it for your work

5
Anonymous Author
This course is well-designed and has a very clear structure. Overall it is a good course.

3
Member's Profile
The slides had a few typos and the final exam questions didn't seem very clearly written.

4
Anonymous Author
I enjoyed this overview of the Close Process and tips as to areas to keep an eye out for

5
Anonymous Author
Lynn does a great job laying out all information in all of her presentations, great job!

5
Anonymous Author
This course was very informative and reinforced important financial close information.

5
Anonymous Author
This went over the appropriate ways to close the books on a monthly and annual basis.

4
Anonymous Author
Good overview, at an intro level, of the financial close process and what it entails.

4
Anonymous Author
This has been a good series. There lecture is thorough and the documentation is good.

4
Anonymous Author
I thoroughly enjoyed this course and would recommend it to any business professional.

5
Anonymous Author
Very informative and relevant course. thank you! I really enjoyed listening to it.

4
Anonymous Author
This was a good course that gave a vast refresher of the month end close process.

5
Anonymous Author
Good review of step by step process for closing and reminders of what to look for.

5
Member's Profile
I think this was a great refresher course explaining the financial close process.

3
Anonymous Author
Good overview of the financial close concepts. Basic, yet helpful in many ways.

5
Anonymous Author
Great overview of the steps involved in closing the books monthly and annually.

5
Anonymous Author
I really enjoyed the course. I only missed one question. would highly recommend

5
Anonymous Author
Good training to refresh on preparations necessary to close an accounting period

5
Member's Profile
Essential information for all accountants out in a easy to understand narrative.

5
Anonymous Author
Good overview of the close process with helpful tips on the steps to close.

5
Anonymous Author
Very easy to follow along and covers all of the necessary steps in the process

5
Member's Profile
Helpful overview of the close process with enough detail to make a difference.

4
Anonymous Author
Good overview of the accounting process and the steps needed to be effective.

5
Anonymous Author
Excellent course to take for learning the basics. Instructor did a great job.

5
Anonymous Author
This course was informational and very digestible. Lynn is always engaging.

5
Anonymous Author
course presents an efficient summary of the closing process - good overview

5
Anonymous Author
Great course, clear and concise, would recommend others to take this course

5
Anonymous Author
Excellent back to basics overview of the financial reporting close process

5
Anonymous Author
Good course , informative , ireally liked the style of teaching the course

5
Member's Profile
fun. It was a good refresher on the close process. Slides were perfect.

4
Member's Profile
Good course on closing activities. Was informational and a good refresher.

5
Member's Profile
this was a good reminder of the basics of accounting and the close process

4
Anonymous Author
very helpful to gain a basic understanding of the financial close process

5
Anonymous Author
Basic outline of the financial close process for month-end and year-end.

4
Member's Profile
Great course ! Structured in a manner that it is very easy to understand

4
Member's Profile
Good overview of financial close process and tips to make more effective

5
Anonymous Author
Overall great course. So far enjoying this series for future Controllers.

4
Member's Profile
If you are accountant, you can pass the exam without reading the contents

4
Anonymous Author
Some of the questions on the review were, in my opinion, poorly written.

5
Member's Profile
Good refresher on the financial close process and the purpose behind it!

5
Anonymous Author
Good solid information. Appreciated the pdf docs. I enjoyed the class.

5
Anonymous Author
This was a good, quick summary of the close process. A nice refresher.

5
Member's Profile
straight forward course on closing the books at month end and year end.

5
Anonymous Author
Great course. Very Helpful. Instructor relayed information effectively.

5
Anonymous Author
Detailed course covering the close process, recommended for beginners.

5
Anonymous Author
Nice presentation of the process. This presenter is consistently good.

4
Member's Profile
Concise, direct and well-prepared. This was a great entry-level course

5
Anonymous Author
The course was pretty basic, but a good overview of the close process.

4
Anonymous Author
This is a pretty basic course, was hoping for more useful information.

5
Anonymous Author
Overall good course for high level review. More of a beginner review.

5
Anonymous Author
This is a wonderful training that helps speed up the financial close.

5
Anonymous Author
Good basic overview of a financial close. Pretty generic but helpful.

5
Anonymous Author
Good test to check the basic knowledge about accounting book closure.

4
Anonymous Author
Easy to understand and very thorough. I highly recommend this course.

4
Anonymous Author
Very basic. Was hoping for tips and tricks to streamline the process.

5
Anonymous Author
Clearly outlines steps in the monthend close process and teh purpose

4
Anonymous Author
Thank you will take more of this series for my next education cycle!

5
Member's Profile
This course is a very good explanation of what the close process is.

5
Anonymous Author
This course was a helpful overview of the close process - thank you

5
Member's Profile
helpful, practical, useful for review of basics in a applicable way

5
Member's Profile
The course provides a good overview of the financial close process.

5
Member's Profile
Great review course on the financial close process. Would recommend

5
Anonymous Author
Useful information on why and how to do an efficient close process.

5
Member's Profile
good overview of the accounting close process for new accountants

5
Anonymous Author
Provides beginner level steps to ensure a timely month-end close.

4
Anonymous Author
Overall a good refresher course on the financial close process.

5
Anonymous Author
This was a very nice discussion of the close the books process.

5
Member's Profile
terrific review of the accounting close cycle a high level.

5
Member's Profile
Nice course. Source material was clear and laid out well.

5
Member's Profile
Nice overview of closing the financial books for a business.

5
Member's Profile
Really enjoyed the class, clear on information presented.

5
Anonymous Author
Good introduction to the close process. Good for beginners.

5
Anonymous Author
Short but good overview over the general closing process.

3
Anonymous Author
This course was good, but more basic than I was expecting.

4
Member's Profile
kind of difficult but i learned a lot. lynn for the win !@

4
Member's Profile
Easy subject nicely explained for students understanding.

4
Anonymous Author
Overall it was a good training. The test was fairly easy.

5
Anonymous Author
I really liked the information provided in this course.

5
Anonymous Author
Well presented information regarding the close process.

4
Anonymous Author
Good examination of the closing process for a business.

5
Member's Profile
This was a great course on the financial close process!

5
Anonymous Author
Information presented clearly and succintly. Thank you!

5
Member's Profile
Great refresher course on the month end close process.

5
Anonymous Author
I enjoyed the course, and I found it very informative.

5
Anonymous Author
Pretty basis , but informative and easy to understand.

5
Anonymous Author
Good, easy refresher on month-end and year-end closes.

4
Anonymous Author
Overall, good refresher course on the close process.

5
Anonymous Author
Great overview course on the financial close process.

5
Anonymous Author
Very helpful content, easy to understand and follow.

4
Member's Profile
This course is a good summary of the close process.

3
Anonymous Author
Good overview of financial statement close process.

4
Member's Profile
I like the speaker, measured words, clear, concise.

4
Anonymous Author
helpful fresher on a critical piece of the process

5
Anonymous Author
Course was good, learned a lot. Quite informative

2
Member's Profile
Good overall description of the closing process.

5
Anonymous Author
This course did a good job of covering the basics.

Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to The Financial Close Process2:45
  Definition and Purpose of Close the Books7:11
  Preparing to Close the Books16:58
  Monthly Close Steps13:42
  Year End Accounting13:02
  Year End Accounting Cont'd15:12
  Consolidation6:09
  Summary1:02
CONTINUOUS PLAY
  The Controllership Series: The Financial Close Process1:16:02
SUPPORTING MATERIAL
  Slides: The Controllership Series: The Financial Close ProcessPDF
  The Controllership Series: The Financial Close Process Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam