Save time, empower your teams and effectively upgrade your processes with access to this practical Financial Close Management Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Financial Close Management related project.
Download the Toolkit and in Three Steps you will be guided from idea to implementation results.
The Toolkit contains the following practical and powerful enablers with new and updated Financial Close Management specific requirements:
STEP 1: Get your bearings
Start with...
- The latest quick edition of the Financial Close Management Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.
Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
Then find your goals...
STEP 2: Set concrete goals, tasks, dates and numbers you can track
Featuring 997 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Financial Close Management improvements can be made.
Examples; 10 of the 997 standard requirements:
- Which approach should you use to provide the required flexibility in data types, and also provide good query performance when searching for product information?
- How can the digital transformation be achieved while facing the technological, cultural, and even more so the challenges of user security and data protection?
- Does the code require compliance with a specific reporting framework when professional accountants prepare and present sustainability information?
- Do totals on supporting schedules in notes to financial statements agree with corresponding account totals on the financial statements?
- Is the audit committee able to challenge managements choice of accounting policies and the robustness of the transition process?
- Do you agree with your analysis of the benefits, challenges and risks around digitalisation in the area of financial services?
- How can policies, lines of responsibility, training and compliance audits help secure your organizations assets?
- What are you going to do to maintain high standards of security, data integrity, sovereignty and compliance?
- Have measures been undertaken to protect the integrity and quality of data held within the automated system?
- What types of tasks have been, or will be, the top priorities for security operations process automation?
Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:
- The workbook is the latest in-depth complete edition of the Financial Close Management book in PDF containing 997 requirements, which criteria correspond to the criteria in...
Your Financial Close Management self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:
- The Self-Assessment Excel Dashboard; with the Financial Close Management Self-Assessment and Scorecard you will develop a clear picture of which Financial Close Management areas need attention, which requirements you should focus on and who will be responsible for them:
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough Financial Close Management Self-Assessment
- Is secure: Ensures offline data protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:
STEP 3: Implement, Track, follow up and revise strategy
The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Financial Close Management projects with the 62 implementation resources:
- 62 step-by-step Financial Close Management Project Management Form Templates covering over 1500 Financial Close Management project requirements and success criteria:
Examples; 10 of the check box criteria:
- Human Resource Management Plan: How will the Financial Close Management project manage expectations & meet needs and requirements?
- Variance Analysis: Did your organization lose existing customers and/or gain new customers?
- Cost Management Plan: Is the Financial Close Management project schedule available for all Financial Close Management project team members to review?
- Probability and Impact Assessment: What kind of preparation would be required to do this?
- Quality Management Plan: Is the process working, and people are not executing in compliance of the process?
- Change Management Plan: What processes are in place to manage knowledge about the Financial Close Management project?
- Assumption and Constraint Log: Is there documentation of system capability requirements, data requirements, environment requirements, security requirements, and computer and hardware requirements?
- Quality Metrics: How can the effectiveness of each of the activities be measured?
- Stakeholder Management Plan: Is there an on-going process in place to monitor Financial Close Management project risks?
- Activity Duration Estimates: What type of information goes in a quality assurance plan?
Step-by-step and complete Financial Close Management Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 Financial Close Management project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 Financial Close Management project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 Financial Close Management project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 Financial Close Management project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
3.0 Executing Process Group:
- 3.1 Team Member Status Report
- 3.2 Change Request
- 3.3 Change Log
- 3.4 Decision Log
- 3.5 Quality Audit
- 3.6 Team Directory
- 3.7 Team Operating Agreement
- 3.8 Team Performance Assessment
- 3.9 Team Member Performance Assessment
- 3.10 Issue Log
4.0 Monitoring and Controlling Process Group:
- 4.1 Financial Close Management project Performance Report
- 4.2 Variance Analysis
- 4.3 Earned Value Status
- 4.4 Risk Audit
- 4.5 Contractor Status Report
- 4.6 Formal Acceptance
5.0 Closing Process Group:
- 5.1 Procurement Audit
- 5.2 Contract Close-Out
- 5.3 Financial Close Management project or Phase Close-Out
- 5.4 Lessons Learned
Results
With this Three Step process you will have all the tools you need for any Financial Close Management project with this in-depth Financial Close Management Toolkit.
In using the Toolkit you will be better able to:
- Diagnose Financial Close Management projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in Financial Close Management and put process design strategies into practice according to best practice guidelines
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Financial Close Management investments work better.
This Financial Close Management All-Inclusive Toolkit enables You to be that person.
Includes lifetime updates
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
