American Strategic Management Institute

Enhancing Your Financial Reporting Process

To maximize the value out of compliance, executives are seeking ways to enhance the efficiency and effectiveness of accounting and financial management processes. The right financial metrics are needed to communicate information and to ensure the integrity of management reports. Also, executives are utilizing Sarbanes-Oxley compliance to add value to their reporting process by making their reporting process more transparent and efficient. However, without accurate financial and performance data, a financial executive cannot produce accounting and management reports that meet the highest level of integrity. Precise data is regarding organizationês financial compliance efforts as well as communicating financial performance to all stakeholders. This training program will help attendees collect and report.

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Enhancing Your Financial Reporting Process
DAY ONE: Developing Measures and Creating Accurate Reports

Module 1: Developing Measures for Increased Financial Control
• Establish a clear and concise method for collecting financial data
• Devise measures that maximize the transparency of financial results
• Understand the internal benefit of establishing the right financial metrics

Module 2: Simplifying the Reporting Process to Improve the Accuracy of Financial Reports
• Identify the discrepancies and inaccuracies that are commonly found within financial and performance data
• Understand the alignment between internal controls and reporting
• Improve corporate performance through enhanced reporting processes (maximize stakeholder confidence)

Module 3: Improving the Efficiency of the Financial Close
• Identify the obstacles that prevent consistent and accurate data
• Consolidate reporting processes, understand Section 409 and comprehend the common inefficiencies associated with closing
• Navigate through the heightened reporting requirements

DAY TWO: Using Accurate Data to Streamline Your Reporting Process

Module 4 Maximizing the Efficiency of Financial Controls to Improve the Accuracy of Accounting and Management Reports
• Evaluate the strength and effectiveness of your internal controls
•Improve the quality of data used for reporting
• Identify disparities that can allow inaccuracies in accounting data

Module 5: Aligning Corporate Strategies with Financial Measures and Accountability Compliance Mandates
• Utilize performance measures to assess the effectiveness of internal business compliance processes
• Leverage business processes through the benefits of Sarbanes-Oxley compliance

Module 6: Reforming Performance and Financial Reporting Processes for Cost Savings
• Identify the most costly processes associated with assessing internal controls
• Ensure that new reporting processes maintain the compliance standards of Sarbanes-Oxley and other initiatives
• Utilize performance measures to discover solutions for cutting costs and adding overall value