Cycle Time from the Completion of the Quarterly Close to the Release of Earnings

Published On:
August 07, 2023
Authored By:
Members-Only Content:

The time it takes to close the books each quarter, deliver performance reports to the board, and prepare official financial statements and release earnings to the shareholders and regulators is considered by many a reflection of the finance organization’s basic efficacy. In this article, APQC reviews cross-industry data on the cycle time in days between the completion of quarterly consolidated financial statements and the release of earnings. APQC also highlights three performance drivers that leading organizations use to continually improve this process and complete the work more quickly.