Table
of Contents
Chapter
1 - The Year-End Close
General
Accounting Closing Activities
Transfer
Documents to Long-Term Storage.
Chapter
2 – Receivables Year-End
Verify
the Allowance for Doubtful Accounts
Clean
the Receivables Aging Report
Match
the Receivables Aging to the General Ledger
Chapter
3 – Inventory Year-End
Examine
Obsolete Inventory Reserve
Examine
for Lower of Cost or Market
Review
Outstanding Bill and Hold Transactions
Chapter
4 – Fixed Assets Year-End
Calculate
Year-end Depreciation
Document
Interest Capitalization
Verify
Asset Retirement Obligations
Investigate
Repairs and Maintenance
Conduct
a Fixed Asset Physical Count
Verify
the Fixed Asset Register
Complete
a Fixed Asset Roll Forward
Delay
the Supplier Invoice Cutoff
Record
Within the Correct Period
Match
Payables Aging to General Ledger
Treatment of Incorrect Filings
Form 1099 Administrative Issues
Update
the Mileage Reimbursement Rate.
Chapter
7 – Public Company Year-End
The
Public Company Closing Process.
Chapter
8 – The Closing Checklist
Final
Examination.......................................................................................................................................................71