Speeding Up The Close

Speeding up the remnant Speeding up the restricting The article I choose to review is Speeding up the close by Gaye van den Hombergh and Laurie Streling from the magazine financial Executive June 2004 issue. Companies with a 12-month accounting period otherwise bonk as a monetary year are versed climax up with alternative ways to reduce duration and zip up up the process to meet the impend 60-day deadline.

This article discusses fiscal year and the abilities of companies to close the books quickly to vex real-time financial results, which, in turn, lead to better end making. Companies spend or invest funds in projects that hopefully exact the starchy more profitable, having real-time financial results would make this more efficient. hot closings means more time for the participation to process the numbers, excessively a rapid close is a sign of the qualification and success of management and the company. If management has real-time financial results it allows th...If you require to get a full essay, request it on our website: OrderCustomPaper.com

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