Financial reporting · The close calendar · Element

The sequence

The steps of the close, in order, with who does each.

The part

What it is

Mapping the close reveals that most of the elapsed time is waiting for one input, usually from outside finance.

Steps that can run in parallel usually are not, because the sequence was inherited rather than designed.

The smallest level

The attributes it carries

Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.