Introduction

The purpose of this webinar is to equip accountants and bookkeepers with a clear understanding of the month-end close procedures, ensuring accuracy and efficiency in financial reporting. Attendees will learn the key steps involved in preparing and finalising month-end financials, including reconciliations, accruals, adjustments, and financial review processes. By the end of the session, participants will have practical insights into how to streamline their month-end close activities, identify common challenges, and ensure compliance with relevant accounting standards, leading to more effective and timely reporting for their clients or organizations. 

Category: Accounting

Channel 2: Growth

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Information

Available from: 26 May 2025, 15:00

Format: Webinar

CPD Units: 2

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What will set you apart

By attending this webinar you will gain the following competencies

• Overview of Month-End Close Process 
• Understanding the importance of an organized and structured month-end close process. 
• Key objectives and outcomes of the month-end close for financial reporting. 
• Reconciliations 
• Steps to reconcile bank accounts, accounts payable, accounts receivable, and other key balance sheet accounts. 
• Identifying and resolving discrepancies in financial records. 
• Accruals and Adjustments 
• How to manage accruals for expenses and revenue recognition to ensure accuracy. 
• Making appropriate adjusting journal entries for prepayments, deferred income, and other adjustments. 
• Review of Financial Statements 
• Best practices for reviewing the trial balance, income statement, and balance sheet for accuracy. 
• Common mistakes to look out for during the review process. 
• Month-End Documentation and Working Papers 
• Compiling and organizing working papers that support financial entries and adjustments. 
• Ensuring proper documentation for audit and compliance purposes.   

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Certificate

The following event is awarded 2 CPD unit in Accounting

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Presenter

Leana van der Merwe

With 18+ years in accounting and corporate governance, Leana leads technical support at CIBA and is a recognized thought leader in regulatory compliance.

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