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Description

Year-End Close Phase 2: Completing the Review and Preparing the Financial Statements

Complete the account review and produce consistent, fully supported financial statements

  • 2 days — 14 h
  • In-person or virtual
  • All levels
  • Up to 6 participants

The final stage of the close is where the difficulties concentrate: accounts still unsupported, late year-end adjustments, notes to the financial statements drafted under pressure and consistency checks carried out after the fact. Auditor queries almost always focus on the same insufficiently documented balances.

Two hours to work through the second phase of the close: completing the review cycle by cycle, posting year-end adjustments, preparing the statement of financial position, the statement of profit or loss and the notes, then running final checks before handing over the file. This session follows on from the preparation and supporting-documentation phase.

Learning objectives

  • Complete the review of cycles still open
  • Post year-end adjustments and cut-off entries
  • Prepare the statement of financial position and the statement of profit or loss from the reviewed trial balance
  • Draft the information required in the notes to the financial statements
  • Run consistency checks before handing over the file

What makes this programme different

A line-by-line review of the supporting evidence expected
Consistency checks applied to a complete set of accounts
Assembly of the file as the auditor will pick it up

Programme

1Completing the review

Closing the cycles still open

  • Substantiating receivable, payable and cash accounts
  • Review of property, plant and equipment and depreciation
  • Inventories and work in progress
  • Provisions and accrued expenses

2Preparing the financial statements

From the balance to the published document

  • Moving from the reviewed trial balance to the financial statements
  • Building the statement of financial position and the statement of profit or loss
  • Drafting the notes and the information to be disclosed
  • Consistency between the statements and the narrative commentary

3Final checks and handover

Securing the file before submission

  • Consistency checks and analytical review
  • Reconciliation with tax and payroll filings
  • Assembling the year-end close file
  • Points of attention expected by the auditor

Who is it for

Accountants and accounting firm staff as well as accounting managers responsible for year-end work.

Prerequisites

Command of routine accounting entries and prior involvement in account review work.

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.