How long does it take you to finish the year end closing ? Can you share your experience and the best practices you follow to achieve timely closing?

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Mahmoud Hassan
20-March-2016

Accounting Auditing Cost Accounting Financial Accounting Financial Management

Question added by Mohammed Hussain Shah , Finance Manager , Al-Naba Contracting Co. Ltd
Date Posted: 2014/12/24

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by Luigi Bosco , Contract Manager for Region Mediterranean and North Africa , ERICSSON IT SOLUTION & SERVICES SpA

In Italy we've time 6 months (up to the end of June of year +1 to close the yearly balance. However, for some process (like invoicing) we've time upto the end of the year.

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by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

In the case of regularity in the daily registration and preparation of quarterly financial centers can prepare the locks on the third day of the new year