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Executive Summary Record to Report The six costliest words in managing a finance department are, “We’ve always done it this way.” The record-to-report (R2R) cycle describes the process of finalizing and summarizing financial activities of an enterprise for a specific accounting period—typically a month, quarter or fiscal year. It is important to note that R2R exclusively covers the activities... Read More

Topics: Office of Finance, Consolidate and Close Management, Business & Technologies, Record to Report


Executive Summary Financial Close The financial records of an enterprise must be reviewed periodically and summarized to create financial statements that inform executives and interested third parties of the organization’s financial condition and performance. An enterprise’s financial close involves a set of repeated processes that must be performed in a prescribed order and fashion to maximize... Read More

Topics: Office of Finance, Financial Close, Business & Technologies, Record to Report


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