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Close Readiness and Ledger Checks
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Close Readiness and Exception Scanning
Overview: Close Readiness and Exception Scanning
What close readiness means
Scan for obvious exceptions
Activity: Mark the exceptions
Decide what matters now
Trace each issue back to support
Build a follow-up list for the close
Exercise: Section Exercise
Review: Close Readiness and Exception Scanning
Close Readiness Exception Review Lab
Trial Balance Review and Ledger Integrity Checks
Overview: Trial Balance Review and Ledger Integrity Checks
What the trial balance does and does not prove
Read the trial balance for drift and outliers
Activity: Spot the accounts that need a second look
Trace a mismatch to the source record
Integrity checks for control accounts and signs
Activity: Check the ledger for relationship breaks
Reading-only subsection
Exercise: Section Exercise
Review: Trial Balance Review and Ledger Integrity Checks
Supporting Schedules and Variance Review
Overview: Supporting Schedules and Variance Review
Why supporting schedules matter
Activity: Match a balance to its support
Common schedule types in a month-end close
Variance review basics
Using Excel to compare periods
When a variance needs a story
Exercise: Section Exercise
Review: Supporting Schedules and Variance Review
Bank Reconciliation and Cash Reconciling Items
Overview: Bank Reconciliation and Cash Reconciling Items
Why the bank and the books do not match
Activity: Sort the differences into timing and error
Reading the bank statement like a control report
Matching deposits, checks, and the ending balance
Activity: Trace cleared and uncleared cash items
Bank fees, interest, and returned payments
Book errors versus bank errors
Activity: Decide who needs the correction
Reconciling balance and sign-off checks
Exercise: Section Exercise
Review: Bank Reconciliation and Cash Reconciling Items
Basic Adjusting Entries and Period-End Corrections
Overview: Basic Adjusting Entries and Period-End Corrections
Why period-end corrections matter
Activity: Sort transactions by timing problem
Core adjusting entry types
Prepaids and depreciation at a beginner level
Accruals and earned-but-unbilled items
Correction entries versus error reversal
Judgment check: post it, adjust it, or flag it
Exercise: Section Exercise
Review: Basic Adjusting Entries and Period-End Corrections
Close Package Assembly and Sign-Off Checks
Overview: Close Package Assembly and Sign-Off Checks
What belongs in a close package
Build the package from the right order
Activity: Sort close documents into a review-ready packet
Check the package for internal agreement
Write a clean sign-off note
What to do with unresolved items
Exercise: Assemble and approve a month-end close packet
Review: Close Package Assembly and Sign-Off Checks
Course Study Guide
Overview: Course Study Guide
Recap
What You Can Do Next
Additional References
Review: Course Study Guide
Lab: Month-End Close Readiness Check
Overview: Lab: Month-End Close Readiness Check
Lab: Month-End Close Readiness Check
Review: Lab: Month-End Close Readiness Check
Lab: Month-End Close Readiness Check
Lab: Bank Reconciliation and Adjustment Pack
Overview: Lab: Bank Reconciliation and Adjustment Pack
Lab: Bank Reconciliation and Adjustment Pack
Review: Lab: Bank Reconciliation and Adjustment Pack
Lab: Bank Reconciliation and Adjustment Pack
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Course Demonstrations
Free Mini Courses
AI Learning Hub
AI Essentials
Level 1: Generative AI Foundation
Level 2: Grounding AI with your Data
Level 3: Automating AI Workflows
Office
Webinars
Power BI
Programming
WordPress
Microsoft Official
Accounting
CompTIA
Google
Upskilling Series
ONLC Staff Training
Generative AI Skills
Instructor Review
Private Classes
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Close Readiness and Ledger Checks
Start the close by finding what does not agree.
Skill Level
:
Beginner
