7. Quick Annual Reporting: Within 15 Working Days Post Year-End

  1. Parmenter David

Published Online: 4 JAN 2012

DOI: 10.1002/9781118269152.ch7

Winning CFOs: Implementing and Applying Better Practices

Winning CFOs: Implementing and Applying Better Practices

How to Cite

David, P. (2011) Quick Annual Reporting: Within 15 Working Days Post Year-End, in Winning CFOs: Implementing and Applying Better Practices, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118269152.ch7

Publication History

  1. Published Online: 4 JAN 2012
  2. Published Print: 21 MAR 2011

ISBN Information

Print ISBN: 9780470767504

Online ISBN: 9781118269152

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Keywords:

  • annual reporting;
  • budget holders;
  • client management;
  • communication;
  • senior management team

Summary

This chapter contains sections titled:

  • Costs of a Slow Year-End

  • Cost the Annual Accounts Process

  • A Quick Year-End is a Good Year-End

  • Help Get the Auditors Organized

  • Appoint an Audit Coordinator

  • Complete the Drafting of the Annual Report before Year-End

  • Limit when Changes Can Be Made

  • Negotiate and Plan for a Sign-off by the Auditors within 15 Working Days

  • Have a Month 10 or 11 Hard Close

  • Effective Stock Takes

  • Estimating Added Value in Work in Progress and Finished Goods

  • Effective Fixed Asset Verification

  • Importance of the Internal Auditors

  • Extract More Value from the Management Letter

  • Derive More Value from the Interim Audit

  • Run a Workshop to Post-it Reengineer Year-End Reporting

  • Restrict Access to Confidential Information to the Audit Partner

  • Speeding Up the Reporting Supply Chain

  • Moving Forward

  • Some Case Studies