A measure of the efficiency of the ‘Closing the books’ process – the accounting process in which the accounts are adjusted to reflect the most current balances, and the budgetary and operating accounts of the accounting entity are closed leaving only the asset, liability, and fund balance accounts open.

BPIR Categories

15.6.11 Financial management
11.2.4 Close the books

Unlock this article and 10,000+ more

To get the most out of our extensive resources, please login or become a member below.