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By Laurent Gateau, Associate Partner and Florent Baudin, Manager, KPMG Luxembourg
In the current economic world, the pressure on timing is always increasing. This statement is all the more true for CFOs and finance departments which need to be more and more reactive.
Financial information needs to be available quickly in order to ease decision making. Therefore the pressure on accounts closure routines is increasing. With the burden on cash flow and sudden changes in the economy, a company’s management needs regular information in a timely manner to be able to act or react in the best interests of the company. The time when closing was mainly a statutory event and timing was not the highest priority is now over and the period for closure has started...
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