Financial Close Survey

We value your feedback and ask that you take a few moments to respond to each question below. Please note that all answers are confidential and will be aggregated for reporting and analysis purposes only.

How many days does it take for your company to complete the month-end close for internal reporting purposes?

Less than 5 days

5-10 days

11-20 days

21+ days

How many days does it take for your company to complete the quarter-end close for internal reporting purposes?

Less than 5 days

5-10 days

11-20 days

21+ days

How many days does it take for your company to complete the year-end close for internal reporting purposes?

Do you and/or your executive team have a desire for your accounting close cycle time to be reduced?

Yes

What is the biggest obstacle to reducing the close cycle in your organization?

IT Systems
Process inefficiencies
Poor inter-company communication
Resistance from management because of fear of lower quality financial reporting
Other

If you selected other, please specify:

How frequently does your company anticipate undertaking a “fast close” initiative to strive for further reduction in the closing cycle time?

What are the benefits of shortening the close cycle?

Faster reporting
Headcount reduction
Cost reduction (other than headcount reduction)
No real benefits

In order to accurately analyze the data captured above, please answer the following questions about your organization.

What is the revenue of your company?

Less than $100 million
$100 million - $500 million
$501 million - $1 billion
$1 billion+

Is your company public or private?

Private

Public

What is your title/position?

CFO/VP/Controller
Director
Manager
Other

If you selected other, please specify:

Thank you for completing our survey. Please feel free to browse previous versions of the Kforce Kronicle.