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Dictionary by pitch.dog
Financial statements & accounting records · Core

Year-end close

Also called: annual close

ELI5

How finalising accounting records for a financial year.

Used in conversation

“Can we remove the ambiguity around year-end close before the process changes?”

Definition

The process of finalising accounting records for a financial year.

Here “Year-end close” means: The process of finalising accounting records for a financial year.

Pitch context

You will see “Year-end close” in financial models, budgets, board packs and investor materials when the discussion reaches financial statements & accounting records.

Why it matters: It helps a reader interpret financial statements & accounting records without confusing the measure, decision, role or evidence being discussed.

When the words have to travel

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Sources & evidence · 4

Direct term-level sources and supporting source families.