I have been closing the books for a multi-division company within one day for a number of years (my record is five hours), and have continued to be surprised at the difficulty other companies have with a fast close. As explained in Fast Close, the accountant needs to think like an industrial engineer, because this is all about scheduling, standardization, centralization, and designing the finished product (the financials) to be easy to create.
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Related Books
| Accounting Control Best Practices | GAAP Implementation Guide |
| Accounting Policies and Procedures | Just-in-Time Accounting |
Reviews
A well executed "fast close" can bring many valuable benefits to any company, from improving organizational performance to transforming accounting executives from financial historians to trusted advisors. In Fast Close, Second Edition, Steve systematically breaks down the steps required to achieve a fast close in both public and private companies, providing financial executives with tips, checklists, and a cost-effective road map to implement fast close procedures in virtually any company. - Matthew Posta Esq., CPA, Vice President of Finance, Key Air LLC
This is an outstanding book in which Mr. Bragg reveals his secrets to a fast close. Having personally experienced his (one day) fast close for years and enjoyed the beneficial impact on my company, I highly recommend this book for all financial officers that desire to have a large, favorable impact on their company. - Richard V. Souders, President & CEO, Kaba Workforce Solutions
Fast Close is a superb book for all financial executives. It clearly articulates how a company can achieve rapid closes and obtain benefits that go along with it. This book is a must-read for financial executives. - Janice M. Roehl-Anderson, Principal, Deloitte Consulting LLP