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Accounting Policies & Procedures Manual
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Procedures Manual Sections:
Period Review and Closing Policy
The Period Review and Closing Policy is available in the Accounting Policies and Procedures manual.
The Period Review and Closing Policy Procedure provides a general overview of the process to be completed for reviewing the accounting records at year-end or any particular month-end prior to closing.
The practices mentioned in the Period Review and Closing policy apply to all accounts. A subset of this period review procedure is also applicable to month-end reviews, although, typically, all financial accounts are reviewed and then closed out as of the company's year-end. (8 pages, 2559 words)
Period Review and Closing Activities Covered
- Closing Preparations
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders? Equity
- Income Statement: Revenues
- Income Statement Expenses
- Financial Ratio Analysis
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