Month Close Level of Involvement
I want to open a discussion on level of the level of involvement you as an:
- FP&A (any level)
- Manager of FP&A (any level)
- Director of FP&A (any level)
are involved in month close procedures with accounting.
The scale I'm thinking is:
- Accounting closes 100% independently. I don't provide any guidance. They read out the IS, point out a change in MoM and point out changes to Forecast. We are 99% reliant on our data.
- (same as 1), but I also provide guidance on when to accrue for business items that may not be in the
- (provide your own detail)
- (provide your own detail)
- I am involved in all GL reviews. I help walk Revenue. I provide guidance on when to accrue for items that may not be in the data, but also sometimes when it is in our data. I am somewhat a gatekeeper, this is my primary job but I also conduct financial business support.
- (provide your own detail)
- (provide your own detail)
- (provide your own detail)
- (provide your own detail)
- My title should include "Manager of Accounting" on top of my current finance title. I tell Accounting when to accrue and when to release; if I don't, they won't. I walk revenue for them. I walk variances myself both MoM and Forecast. I write journal entries and then send them to accountants for them to load. They hate me, I hate them.
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