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    03 — Value stream · VS-70

    Record-to-Report

    From a business event that has a financial consequence to a set of statements the board, auditors and regulators can rely on — the stream behind every month-end close and every question about why the numbers moved.

    • Close-to-Report
    • Financial Close
    • Account-to-Report
    // FIG. 03 · Stage flow
    1Capture Transacti…2Reconcile & Adjust3Close the Period4Analyze & Explain5Report & Disclose6Assure Controls
    1. 01

      Capture Transactions

      VS-70.10

      Record every transaction from the sub-ledgers and operational systems against the right account, entity and period.

    2. 02

      Reconcile & Adjust

      VS-70.20

      Prove the ledger agrees with the bank, the sub-ledgers and the intercompany partners, and post what is missing.

    3. 03

      Close the Period

      VS-70.30

      Run the close checklist, lock the period and consolidate the entities into one set of numbers.

    4. 04

      Analyze & Explain

      VS-70.40

      Compare actuals with budget and forecast, and explain the variances before someone senior asks.

    5. 05

      Report & Disclose

      VS-70.50

      Produce the statutory, management and regulatory reports, with the disclosures each audience requires.

    6. 06

      Assure Controls

      VS-70.60

      Evidence that the controls over the close operated, and remediate what the auditors find.