Period End Financial Reporting

Material general ledger accounts

Deferred revenue and case reserve true-ups, expense and revenue accruals, A/R reserve true-up, and investment accounting entries

By the end of the third business day following the period end closing date

<p>On the fourth business day following the period end closing date</p> Signup and view all the answers

<p>The responsibility of the VP - Financial Reporting and Analysis during the period end financial reporting process is to prepare the Flash Report to be submitted to the parent company.</p> Signup and view all the answers

<p>The material general ledger accounts are reconciled and any required journal entries are recorded beginning on the first business day following the period end closing date.</p> Signup and view all the answers

<p>The month over month comparison prepared by the VP - Controller evaluates the completeness and accuracy of the financial information.</p> Signup and view all the answers

<p>The CFO and VP - C review the items noted in the month over month comparison.</p> Signup and view all the answers

<p>The purpose of comparing the results in the Flash Report to budget and prior year actuals is to identify unusual fluctuations.</p> Signup and view all the answers