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The Record to Report (R2R) Process: The Key Components of the Financial Close

THE RECORD TO REPORT (R2R) PROCESS: THE KEY COMPONENTS OF THE FINANCIAL CLOSE

Cost Free
Presentation Length 1.0 hour

Recorded DateFebruary 26, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Record to Report (R2R) is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. The R2R process forms an important aspect of the Finance and Accounting process. It involves complex processes of gathering, converting and supplying information to stakeholders who want to know if their expectations have been met.
 
We’ll look at the three phases of the R2R process and will discuss the challenges and areas for process improvements for each phase and will provide examples of best practices. We’ll present the six best practices that will support a timely and accurate close.  We’ll also present five critical close, consolidation and reporting issues to watch out for.
 
Learning Objectives:


  • Dissect the R2R process by analyzing the key components of the financial close.

  • Review best practices for each phase of the R2R process.

  • Learn about the six best practices that will support an accurate close.

  • Identify five financial close issues to watch out for.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard, which allowed her to develop and implement internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) to implement internal rules, policies, and corporate governance processes. She fine-tuned her consulting experience in the Procure to Pay (P2P) area at APEX Analytix and BSI Healthcare.

As President of Doxey Inc., Chris uses her experience to provide best practice solutions to her clients for the P2P process and financial operations.

She holds a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and has a graduate certificate in project management.  She is a Certified Accounts Payable Professional (CAPP) and holds a Certification in Controls Self-Assessment (CCSA). Chris is also a Certified Internal Controls Auditor (CICA) and a Certified Professional Controller (CPC).
 

About Our Presenter

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Doxey Inc. provides consulting and educational services for financial operations.