Financial Close Schedule Policy

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Screenshot of the first page of Financial Close Schedule Policy

This policy outlines procedures to establish standards and a calendar for the monthly financial close process.

According to this policy, the close cycle will facilitate the production of timely and accurate information. The policy provides tables that specify the workday amount, which refers to business days preceding or following the end of the month. Also outlined in this policy, is the close schedule for all foreign legal entities. As foreign legal entities close, intercompany accounts should be reconciled, remeasurement should be run and posted to their general ledger and calendars should be rolled to the next period.

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