Cycle Time in Days to Complete the Monthly Consolidated Financial Statements

Published On:
July 18, 2022
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Consolidated financial statements enable organizations with a parent company and subordinate reporting units to report their finances as a single enterprise for creditors, investors, and other stakeholders. Preparing these statements can be a complicated endeavor, but completing them in a timely way is critical. This infographic reviews cross-industry benchmarking data on the cycle time to complete monthly consolidated financial statements and offers strategies for improving performance in this area.