financial close vs financial closure

Both 'financial close' and 'financial closure' are correct phrases, but they are used in different contexts. 'Financial close' is commonly used in the context of accounting and finance to refer to the completion of financial transactions or the end of a financial period. On the other hand, 'financial closure' is less common and is often used in the context of project finance to refer to the completion of financial arrangements for a project.

Last updated: March 21, 2024 • 7108 views

financial close

This phrase is correct and commonly used in the context of accounting and finance to refer to the completion of financial transactions or the end of a financial period.

Use 'financial close' when referring to the completion of financial transactions or the end of a financial period in the context of accounting and finance.

Examples:

The company announced the financial close of the merger deal.
The financial close for the fiscal year is scheduled for next week.

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Last updated: November 27, 2024

Jun 7, 2021 ... “Financial close” describes all the financial and accounting processes that regularly occur in a business leading up to, and including, closing the books.
Financial close is a process where accounting and finance teams review and reduce account balances before the accounting cycle closes. Learn with BlackLine.
Financial close is the process of verifying and adjusting account balances at the end of an accounting cycle (often the end of the quarter or end of year) ...
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Cut month-end close time by 30% using financial close software. Automate accruals, journal entries, and compliance tasks for improved control and ...
Financial Close and Consolidation. Close early and give your accounting teams more time and greater control of the process. The Financial Close and ...
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Define Financial Close. means the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing ...
Oct 22, 2024 ... Financial close occurs when all the project and financing agreements have been signed, all conditions on those agreements have been met, and the private party ...
Dec 18, 2023 ... Financial close is exactly what it sounds like. It's a recurring process during which accounting teams "close the books" on a specific period of ...

Alternatives:

financial completion
financial finalization
financial ending
financial wrap-up
financial conclusion

financial closure

This phrase is correct but less commonly used. It is often used in the context of project finance to refer to the completion of financial arrangements for a project.

Use 'financial closure' when referring to the completion of financial arrangements for a project in the context of project finance.