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Closing on a House: What to Expect

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New Password. Top charts. New arrivals. Bragg June 14, Bragg outlines numerous key improvements that, when gradually implemented together, are guaranteed to shrink the closing process down to as little as one day. Chock-full of helpful flowcharts and checklists to help readers prevent delays and bring accounting department closing procedures up to date, Fast Close explores specific instructions for closing faster, common areas of delay and how to overcome them, required controls to keep financials accurate despite the fast close, and much more.

1. What Is Closing and When Does it Happen?

Create financial statements faster. He is the author of more than nineteen Wiley titles. Reviews Review Policy. Published on. Original pages. Best For. Web, Tablet.

Why Your Month End Closing Process Is Taking A Lot Longer Than It Should

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Anurag Singal. Financial statements serve as a report card for a business through which managers and entrepreneurs can know their exact financial positions. These financial statements are prepared only through financial accounting. The main purpose of financial accounting is to help entrepreneurs exercise control over their business activities by controlling total costs incurred so that they are able to earn higher profits. So, in order to understand where exactly the business stands financially, knowledge of financial accounting is imperative.

What is financial accounting? Why do I need to understand it? How will it help me in my business?