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The scope of financial monthly closing encompasses the processes and activities necessary to finalize a company's financial records for the month. This includes reconciling accounts, adjusting entries, ensuring all transactions are accurately recorded, and preparing financial statements. The goal is to provide a clear and accurate snapshot of the company's financial position, which aids in decision-making and reporting to stakeholders. Timely and accurate monthly closings are crucial for maintaining financial integrity and compliance with regulations.

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3w ago

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