Key General Accounting and Reporting Benchmarks at a Glance: Petroleum/Chemicals Industry

 

Details

Prepared using data from APQC’s Open Standards Benchmarking® in general accounting and reporting, this article highlights key performance indicators (KPIs) for general accounting and reporting processes for organizations in the petroleum/chemicals industry.

Metrics provided include:

  • total cost to perform general accounting and reporting,
  • number of FTEs per $1 billion revenue to perform fixed asset accounting,
  • the cycle time to perform the annual close at the site level, and more.