The Soft Close

Price: $9.75

CPE Credits: 1.0

Category:

Course Number: AASCLOSB

A Soft Close - Accounting CPE

Description:
This course shows how the accountant can minimize the time needed to close the books and issue financial statements. This involves the elimination of some closing steps, thereby presenting a tradeoff of somewhat reduced financial statement accuracy for much less closing effort. The course notes the risks involved and the situations to which a soft close can most readily be applied. In short, The Soft Close provides the accountant with a complete toolkit of solutions for streamlining the closing process. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: September 2015
Update: August 2018

Format: PDF
Pages: 28

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the situations in which financial statements that have been produced with a soft close can be issued.
  • Identify the reporting periods in which a public or private company could use a soft close.
  • Specify the situations in which a soft close is more likely to result in financial statement errors.
  • Recognize the calculation methods used to estimate ending inventory.
  • State the types of risk environments in which a soft close should and should not be used.

 

 

Description:
This course shows how the accountant can minimize the time needed to close the books and issue financial statements. This involves the elimination of some closing steps, thereby presenting a tradeoff of somewhat reduced financial statement accuracy for much less closing effort. The course notes the risks involved and the situations to which a soft close can most readily be applied. In short, The Soft Close provides the accountant with a complete toolkit of solutions for streamlining the closing process. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: September 2015
Update: August 2018

Format: PDF
Pages: 28

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the situations in which financial statements that have been produced with a soft close can be issued.
  • Identify the reporting periods in which a public or private company could use a soft close.
  • Specify the situations in which a soft close is more likely to result in financial statement errors.
  • Recognize the calculation methods used to estimate ending inventory.
  • State the types of risk environments in which a soft close should and should not be used.

 

 

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