A Highly Interactive Training Course On

Fast Closing Month-End & Year-End Accounts

Record to Report (R2R) Accelerated Excellence

03-07 Feb 2025
Dubai
$5,950
 
02-06 Jun 2025
Dubai
$5,950
 
03-07 Nov 2025
Dubai
$5,950
 
19-23 May 2025
Online
$3,950
 
08-12 Dec 2025
Online
$3,950
 

Course Overview

We live in a world undergoing rapid transformation. In the wake of the 2008 global financial crisis and several high-profile corporate failures, there is an increasing demand for high-quality financial information delivered promptly. Financial reporting is becoming more detailed, and decision-makers need this information faster than ever. Companies that can provide accurate financial data quickly gain a competitive edge, as markets will have greater confidence in their financial reporting systems and overall corporate governance. Faster internal financial reporting also enables quicker management decisions, which is crucial for businesses in dynamic environments. Additionally, accelerating month-end and financial reporting processes can reduce costs and allow management and financial professionals to focus on other value-added activities for the organization. This Fast Closing Month-End & Year-End Accounts training course provides an in-depth overview of the ‘Fast Close’ process, to rapidly close and publish financial statements.

Training Objectives

By the end of this COPEX training course, participants will be able to:

  • Examine Fast Close Processes, Strategies and Best Practices
  • Consider Organisational Documentation Policies and Procedures
  • Understand the Importance of Fast Close Process on Financial & Operational Decision-Making
  • Provide Faster and More Accurate Data for Monthly and Year-End Account Closings
  • Understand the Importance of Departmental Requirements for Financial Reporting

Who should Attend?

This COPEX training course is suitable for:  

  • Any Professional Involved in the Preparation of Financial Statements, Including Financial Controllers, Finance Managers, Senior Accountants, Management Accountants, General Ledger Accountants and Assistant Accountants, and Accounts Receivable and Accounts Payable Accountants and Assistant Accountants
  • Operational Professionals Acting Upon the Financial Decisions of Others, Who Will Gain an Appreciation of the Fast Close Process
  • Financial Systems Analysts
  • Professionals Who are Held Accountable for Financial Performance and the Integrity of Financial and Information Systems

Training Outline

Day One: Introduction to Fast Close Concepts
  • Different types and benefits
  • Steps needed to achieve a fast close
  • Analysing and reviewing the current closing process
  • Redesigning the closing cycle
  • Finance function stakeholders, redesign and solutions
Day Two: Developing A Fast Close Strategy
  • Examining closing activities and requirements
  • Best practices in attaining fast close, soft close and virtual close
  • Optimising charts of accounts and journal entry requirements
  • Organising corporate resources to achieve fast close
  • Identifying potential roadblocks
Day Three: Managing Change and Utilising Technology
  • Standardisation, customisation and centralisation
  • Reviewing paradigms and the difficulties of effecting changes
  • Force field analysis
  • Change management exercises
  • Using technology to improve organisational re-design
Day Four: Operational Implementation of a Fast Close
  • Examining the pre-close and fast close processes
  • Adopting benchmark and other measurement standards
  • Key performance indicators (KPIs)
  • Documenting fast close processes incorporating the utilisation of checklists
  • Analytical case study
Day Five: Financial Reporting and Ongoing Improvements to the Closing Process
  • Design and implementation of controls needed for financial reporting
  • Improving the closing process and adopting improvement measurements
  • Identifying management reporting criteria
  • Summary of the course

Certificates

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

We can customize this
training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.
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Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

How can I register?

There are several ways to register in our public training courses:
Online – Browse the Training Plan, select the course of choice, click on the button
“Register Now” inside the course outline page.
E-mail – Send the details (name, company name, email address and training course of
choice) of your nomination to [email protected]
Telephone – +971 4 368 6886 or +971 50 106 2750

When will I receive the confirmation for my registration/s?

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

What is included in the training fee?

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

What are the available payment methods?

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

How many hours per day, and what are the timings of your training courses?

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

Where do you usually hold your training courses?

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Do you provide hotel booking assistance to your delegates?

Once officially registered, we can assist by providing the corporate rates provided by the hotel where the training course will be conducted. Early confirmation will enable us to secure the room at reduced rates

In case of failure to attend, what is your cancellation policy?

Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

What will I receive after the training course?

Delegates who will attend and successfully complete the training course will earn a COPEX Certificate of Completion. This certification is designed to validate the successful knowledge transfer, and that the desired learning objectives and outcomes to further advance your professional competency are achieved.