#financial_close_management
Financial close management
Financial close management (FCM) is a recurring process in management accounting by which accounting teams verify and adjust account balances at the end of a designated period in order to produce financial reports representative of the company's true financial position to inform stakeholders such as management, investors, lenders, and regulatory agencies. The process starts with recording transactions as journal entries and end with preparing the financial reports for the period.
Tue 6th
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