Course Description
Course publication/revision date: This course was updated on 7/16/2024.
This course clarifies for the accountant the intricate series of activities needed to correctly close the books at year-end. Following the guidance in this course reduces the risks of having closing errors and issuing incorrect financial statements. The course itemizes closing activities for the fiscal year, as well as other activities required at the end of the calendar year. There is a particular emphasis on such major areas of accounting as receivables, inventory, fixed assets, payables, and payroll. Additional tasks required for the year-end close of a publicly held company are also described.
