Percentage of accounts that are standard with the business units reporting to your site

This measure calculates the percentage of accounts that are standard with the business units reporting to your site. Standard accounts are records of company financial and/or other data classified in an agreed and consistent manner for comparison within and across the organization. This measure is part of a set of Supplemental Information measures that help companies evaluate additional variables not covered elsewhere for the "perform general accounting" process.

Benchmark Data

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Measure Category:
Supplemental Information
Measure ID:
101827
Total Sample Size:
544 All Companies
Performers:
25th Median 75th
- 76.9% -
Key Performance Indicator:
No
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Compute this Measure

Units for this measure are percent.

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(Number of standard accounts in chart of accounts / Number of accounts in the chart of accounts) * 100.0

Key Terms

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Supplemental information is data that APQC determines is relevant to decision support for a specific process, but does not fit into the other measure categories such as cost effectiveness, cycle time, or staff productivity.

Measure Scope

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Cross Industry (8.0)

  • 9.3.2.1 - Maintain chart of accounts (10819) - Preparing trial balance account from general ledgers. List all accounts used in the general ledger. Alter accounts according to business requirements.
  • 9.3.2.2 - Process journal entries (10820) - Making ledger and trial balance accounts from journal entries. This process requires the organization to record every transaction into accounts done by business. It is a base documents for preparing final accounts of company.
  • 9.3.2.3 - Process allocations (10821) - Allocating funds across functions. Apportion funds in line with the budgets created. Formalize allocations in centralized internal records.
  • 9.3.2.4 - Process period end adjustments (10822) - Updating journal entries to adjust the balance of income and expenses at the end of an accounting period.
  • 9.3.2.5 - Post and reconcile intercompany transactions (10823) - Checking accounts separately for a parent and subsidiary company. Manage relationship between a parent company and subsidiaries. Document intercompany transactions in separate financial statements.
  • 9.3.2.6 - Reconcile general ledger accounts (10824) - Reviewing general ledger accounts for a parent and subsidiaries companies. Validate the integrity of account balances on the company's general ledger of accounts. Review and compare general ledger accounts balances with source documents to ensure that balances match.
  • 9.3.2.7 - Perform consolidations and process eliminations (10825) - Aggregating different processes in the business. Eliminate discontinued processes.
  • 9.3.2.8 - Prepare trial balance (10826) - Balancing debit and credit balances of trial balance to preparing final accounts. Calculate the total debits and credits in company's accounts. Correspond the sum of all debits with the sum of all credits. Adjust entries as appropriate.
  • 9.3.2.9 - Prepare and post management adjustments (10827) - Accounting for changes due to country-level policy changes. Record adjustments made by management in the accounts.