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Fast Closing Monthly and Year-End Accounts AL Mawred Speciality Training

Fast Closing Monthly and Year-End Accounts

Why Attend

Month and year-end closings are the ultimate processes of finance where the efforts spent during the period materialize in accurate and timely reports. It is important that such valuable information is developed at a cost that is justified by the benefits gained. Hence, organizations need to always identify inefficiencies in the closing process and apply continuous improvement. This course provides several tools for process analysis and improvements related to closing the books quickly and efficiently.

AL Mawred Speciality Training
Overview
Course Methodology

This course focuses on exercises, case studies, and individual and group presentations based on the issues and challenges facing the participants.

Course Objectives

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

  • Describe the different types of closing and list the main activities in the closing cycle
  • Utilize assessment tools to pinpoint the disconnect between finance and internal users
  • List the steps needed to carry on process improvements in finance and identify the need for closing process redesign
  • Practice using process maps to identify closing inefficiencies and present improvement recommendations
  • Apply best practices and enhance the monthly closing procedures
Target Audience

Accountants, finance managers, financial controllers, management accountants, general ledger accountants, accounts receivable and accounts payable accountants, senior accountants and assistant accountants.

Target Competencies
  • Process analysis
  • Closing procedures
  • Analytical skills
  • Process mapping
  • Applying month-end and year-end closing best practices
Course Outline
  • Fast closing defined
    • Importance and benefits of fast close
    • Hard, soft and virtual close
    • Elements of soft close
    • Vision of 'finance and accounting' function
    • Activities and purposes of finance and accounting
  • The finance function as an added value
    • Usefulness of financial information
    • Defining the finance function stakeholders
    • Disconnect between finance and internal users
    • Tools to identify needs assessment and report user satisfaction
  • Redesign of the finance function
    • The paradigm shift
    • Top information deficiencies
    • Tools to identify the need for a redesign
    • Reasons for process redesign
    • Three steps to carry on process improvement and finance function redesign
  • Planning the fast close process
    • Setting up a plan for a fast close
    • Pre-close process and activities
    • Implementing the plan and staying in control
    • Finance process redesign tools and techniques
    • Cost and cycle time charts
    • Process maps and value analysis
    • Identifying process bottlenecks
    • Organizing fast close resources needed
    • Shifting close activities
    • Selecting Key Performance Indicators (KPIs)
    • Continuous improvements in closing process
  • Applying best practices in the close process
    • Enhancing the operating cycle
    • Procurement and disbursement processes
      • Accounts payable
      • Travel and entertainment
      • Inventory and cost
      • Payroll process
      • Costing and analysis
      • Commissions and fees
    • Billing and collection process
      • Accounts receivable and billing
      • Collections and cash management
    • Administration and reporting process
      • The general ledger
      • Operational budgeting
      • Fixed assets
      • Financial reporting
    • Elements of the close reporting package
Mawred Certificate
Mawred Certifications
Al mawred Professional Certificate (Mawred Certificate)

Mawred Certificate courses by Al mawred Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an Mawred Certificate course and successfully complete the test on the last day, will receive a Al mawred Professional Certificate (Mawred Certificate), in addition to the one they receive for full attendance. Mawred Certificate certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses
Schedule & Fees

2026 Schedule & Fees

Location & Date
31 May - 4 Jun, 2026
Dubai
Arabic
Venue to be assigned
Fees
Per participant

USD 5500

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Al mawred reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

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