Accelerated Financial Closing with SAP

Navigate the complex financial close process and learn how to address regulatory requirements, manage disclosure management, and report results to key stakeholders. Written for business process owners, finance directors, and managers, this book will teach you how to optimize the financial close process within your organization. Develop a single financial close workflow with this end-to-end overview and close your books faster!

• Close process: from financial accounting to corporate entity and closing
• SAP financial solutions: integration of FI, CO, and Disclosure Management
• Workflow, regulatory, and reporting requirements

A Financial Close Action Plan
Learn how to build a business case, create a clear action plan for your financial close process, and avoid common barriers.

Real Time Visibility
Visualize your financial close success and identify issues with real-time analysis and the Financial Closing cockpit.

Reporting
Proactively address disclosure management and weather regulatory change with finesse and flexibility.

• General Ledger close
• Controlling close
• Inventory management
• Intercompany reconcilliation
• Process governance
• Financial consolidation
• Disclosure management
• Financial reporting
• Entity close management

Table of Contents

Chapter 1 Introduction to the Financial Close
Chapter 2 Creating an Action Plan for Improving Your Financial Close
Chapter 3 Information Management
Chapter 4 The General Ledger and Subledger Close
Chapter 5 The Financial Close in Controlling
Chapter 6 Entity Close Management
Chapter 7 Enhanced Internal Controls for Better Compliance
Chapter 8 Intercompany Reconciliation
Chapter 9 Financial Consolidation
Chapter 10 Disclosure Management and XBRL Filings
Chapter 11 Financial Reporting
Chapter 12 The Future of Finance and Its Impact on the Financial Close
Chapter 13 Conclusion