IFO4
Loading...The cycle of close activities executed at the end of each calendar or fiscal month, comprising journal posting, reconciliation, accrual recognition, and the preparation of management reports. Month-end close is the most frequent close cycle and the principal driver of finance team workload rhythm. The federation requires month-end close to follow a documented calendar with target completion within the published cycle time, typically five to ten business days. Cycle time slippages are escalated under UFMS-001:4.1 as process maturity concerns.
A standard term of corporate accounting; the monthly close cadence was settled by mid twentieth century US standardisation and adopted internationally with IFRS convergence.
Federation members publish month-end close calendar with cycle time target. Slippages are reported in the next cycle under MEV-Annex:5.1. Steward tier accreditation reviews trailing twelve month close performance as part of the planning maturity assessment.
@misc{ifo4_glossary_month_end_close,
title = {{Month-End Close}},
author = {{IFO4 Federation Editorial Board}},
howpublished = {{IFO4 Federation Glossary, slug \texttt{month-end-close}}},
year = {2026},
url = {https://ifo4.org/glossary/month-end-close},
note = {Category: Budget & Forecast; key: MonthEndClose}
}Federation members and accredited practitioners may challenge any entry under TGS-002:1.7. Filed challenges are routed to the editorial board, triaged into the revision register, and resolved in writing on the public docket. The slug remains stable through any revision.