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  • 2024 Accounting Department Plan

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    The 2024 accounting department plan outlines activities for each month of the year. In January, the department will close books for the previous year and present financial statements and a new year budget. Throughout the year they will monitor compliance, update internal controls and budgets, prepare interim financial statements, file tax returns, and assess performance, risks and cash flow. In December, they will close the fourth quarter books, prepare for the year-end audit, and make any necessary adjustments or accruals.

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    2024 ACCOUNTING DEPARTMENT PLAN

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    The 2024 accounting department plan outlines activities for each month of the year. In January, the department will close books for the previous year and present financial statements and a new year budget. Throughout the year they will monitor compliance, update internal controls and budgets, prepare interim financial statements, file tax returns, and assess performance, risks and cash flow. In December, they will close the fourth quarter books, prepare for the year-end audit, and make any necessary adjustments or accruals.

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    3 views1 page

    2024 Accounting Department Plan

    Uploaded by

    boygarfan
    The 2024 accounting department plan outlines activities for each month of the year. In January, the department will close books for the previous year and present financial statements and a new year budget. Throughout the year they will monitor compliance, update internal controls and budgets, prepare interim financial statements, file tax returns, and assess performance, risks and cash flow. In December, they will close the fourth quarter books, prepare for the year-end audit, and make any necessary adjustments or accruals.

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    2024 ACCOUNTING DEPARTMENT PLAN

    Abdulqader Ahmed. CPA, CIA, CMA, MPAcc.

    Closing Books of Previous Year.


    JANUARY
    Financial Statements Presentation
    Financial Budget for New Year
    1 2024

    Performance of previous year.


    FEBRUARY
    2024 2 Audit as Necessary.
    Tax Startegies for Current Year.

    interim financial statements.


    MARCH
    liquidity needs.
    Monitoring compliance.
    3 2024

    filing tax returns


    APRIL
    2024 4 liquidity needs.
    Monitoring compliance.

    Financial Analysis.
    Updating Internal Controls.
    Managing Risk Factors.
    5 MAY
    2024

    Closing 2Q Books
    JUNE
    2024 6 Interim Financial Statements
    Adjusting Budget Allocation

    Filing Tax Returns.


    Inventory Assessments.
    CAPeX Planning. 7 JULY
    2024

    Optimize cash Management.


    AUGUST
    2024 8 Updating Accounting Policy.
    Development for Accounting

    Closing 3Q Books
    Interim Financial Statements
    Manage Major Accounts 9 SEPTEMBER
    2024

    File 3Q Tax Return


    OCTOBER
    2024
    10 Update Financial Forecasts
    Assessing Provisions.

    Finalizing Budgets
    Conduct Impairment
    Year-End Financial Planning 11 NOVEMBER
    2024

    Close 4Q Books.
    DECEMBER
    2024 12 Prepare Year-End Audit.
    Adjustments or Accruals.

    Abdulqader Ahmed. CPA, CIA, CMA, MPAcc.

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