General Accounting and Reporting Key Benchmarks: Financial Services/Banking Industry
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 financial services / banking industry.
Metrics provided include:
- total cost to perform general accounting and reporting,
- number of FTEs per $1 billion revenue to perform fixed asset accounting,
- cycle time to complete the monthly consolidated financial statements, and more.