Closing the Books: Fifth Edition: An Accountant's Guide

Closing the books is one of the key functions of the accounting department. Closing the Books reveals how to do so promptly and accurately so that financial statements can be issued shortly after the end of the reporting period. The book discusses the entire process of how information is summarized into the financial statements as well as the many reporting formats that are available. It covers the full range of closing steps and shows how to fine-tune the closing process to achieve a shorter close. In addition the book addresses the controls and record keeping needed for the closing process.