Page 129 - A Life - my Live - my path

My career - Horizon ICT

Stock Exchange), some of the first information I received was
the list of monthly closings and the annual closing date.
For each month, I knew the reporting date (i.e. January 9th,
February 8th, March 11th, etc.) as well as the year-end closing
schedule. The IBS Group was audited by Ernst & Young,
who proceeded in the same way in all countries:
Decembre : 2 or 3 consultants audited the first
11 months of the year.
6 January : December audit.
10 January : initial arbitrations for the company.
12 January : arbitrations for Belgian companies.
14 January : results sent to Stockholm.
18 January : the IBS group - like IBM - publishes official
worldwide results.

I'd often wondered: how can a company of 400,000 people
(at the time) like IBM publish its results on January 18 every
year?
I had the answer: everything was planned, everything was
orchestrated in a very professional way to ensure that
everything went according to plan. And it worked !

Final functional information.
How can we close the month on the 9th or 10th when the law
allows invoices to be sent until the 14th of the following
month?
Provisions are made. By routine, by reflex, the accountant of
the IBS Belgium group systematically set aside a provision
as soon as he was informed of a possible expense. On receipt

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