Improving the Timeliness & Efficiency of Monthly Financial Close Process

Date: Tuesday, April 27, 2021
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter(s): Camille Christensen, CPA, PMP, Partner and Erin Clayville, CPA, CFE, Director, Moss Adams, LLP
Moderator(s): Bill Erlenbush, CPA, NSAC Director of Education
Learning Objectives:
Upon completion of the course, participants will be able to identify time saving monthly closing processes and time saving tips and will learn how to avoid stress during the monthly closing process.
Field of Study: Specialized Knowledge
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

This 60-minute session focuses on the improvements in the timeliness and efficiencies and will help attendees identify time saving and stress saving processes for month ending closings. The strategies and processes associated with month ending closings are vital routines that should be implemented and continually refined and improved within an organization. Participants will be able to take away several tips and time saving ideas from this session.

Presenter and Moderator Bios
Presenter: Camille Christensen, CPA, PMP, Partner and Erin Clayville, CPA, CFE, Director, Moss Adams, LLP
Camille Christensen has provided audit and consulting services since 2001 to all sizes of rural telecommunications companies throughout the country from some of the smallest to some of the largest. She manages financial audits of wireline ILEC and CLEC commercial and cooperative enterprises, wireless and international carriers, cable television companies, and fiber transport companies. Services to her clients include financial statement audit and preparation, strategic planning and management consulting, cost allocation and affiliate transaction review, plant accounting, internal control design and review, merger, acquisition, and startup accounting advisory services, and accounting and property record development.
Camille is responsible for the firm's 20 annual accounting and business seminars for the accounting industry and is lead instructor for the two most heavily attended seminars. She is a frequently sought after speaker on telecommunications issues and has presented at numerous industry meetings.

Erin Clayville has provided management consulting and internal audit services to public and private companies with multinational and multistate operations since 2006. Erin specializes in business and IT consulting, IPO readiness, internal audit and SOX consulting, and business process reengineering. She has managed significant SOX 404 assessment projects from initial implementation to final reporting. She is an active member of the firm's Technology, Communications, and Life Sciences group and is a leader in the firm's forensic and investigative services team. Erin has performed enterprise-wide risk assessments, internal audits, and all phases of SOX 404 consulting service engagements. She has a risk-based internal audit approach for identifying risks, documenting and testing processes and controls, performing gap analysis, and developing remediation plans. Her experience includes first-year implementation and ongoing monitoring under SOX and conducting risk assessments, operational audits, process analysis and reengineering, segregation of duties analysis, and IT controls review. Erin has performed internal audit and controls consulting engagements covering business processes such as financial reporting, sales and cash receipts, procure to pay, inventory management, human resources, payroll, and fixed assets. Prior to joining Moss Adams, Erin worked with the assurance group at a Big Four firm, in internal audit at Group Health Cooperative, and as controller for a real estate management company.

Moderator: Bill Erlenbush, CPA, NSAC Director of Education
Bill spent his entire career working in cooperative accounting at GROWMARK. His work experience includes all aspects of order control and billing, accounts receivable/payable, financial accounting and tax. As compliance officer, he had responsibility for the administration of the compliance and ethics program at GROWMARK and its subsidiaries and retail divisions. In addition, he was been involved in negotiating major acquisitions for GROWMARK. His educational background includes a Bachelor of Science degree in Accountancy from the University of Illinois and an MBA from Illinois State University. He is a Certified Public Accountant. Bill is an active member in many industry, professional, and community organizations. He is past president of the Mclean County United Way Board of Directors as well as the past president of the Heartland Community College Foundation Board of Directors.

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.