Cycle time in days between completion of annual consolidated financial statements and the release of earnings

This measure calculates the number of calendar days (including weekends) that elapse between the completion of the annual consolidated business entity financial statements and the release of the earnings per share. Consolidated financial statements are combined financial reports for all of a single legal entity's business units for reporting purposes. This measure is part of a set of Cycle Time measures that help companies analyze the duration of the "perform fixed-asset accounting" process from beginning to end.

Benchmark Data

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Measure Category:
Cycle Time
Measure Id:
100552
Total Sample Size:
1,727 All Companies
Performers:
25th
– Median
– 75th
–
Key Performance
Indicator:
No

Compute this Measure

Units for this measure are days.

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Cycle time in days between completion of consolidated financial statements and the release of earnings

Key Terms

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Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Measure Scope

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Cross Industry (7.3.0)

  • 9.3.4.1 - Prepare business unit financial statements (10837) - Making reports of subsidiaries units to show profits generated from them. Prepare financial statements (balance sheets, income statements, cash flow statements and statements of shareholders' equity) for a single unit of a business.
  • 9.3.4.2 - Prepare consolidated financial statements (10838) - Making final accounts for all units of company together. Prepare combined financial statements of a parent company and its subsidiaries (i.e., separate legal entities controlled by a parent company) showing assets, liabilities, equity, income, expenses, and cash flows.
  • 9.3.4.3 - Perform business unit reporting/review management reports (10839) - Making reports for units/subsidiaries to help management in decision making. Prepare financial statements (balance sheets, income statements, cash flow statements, and statements of shareholders' equity) for a single unit of a business. Break down profits and losses by function/unit, clients, products, and region.
  • 9.3.4.4 - Perform consolidated reporting/review of cost management reports (10840) - Making reports for all units to help higher management in decision making. Prepare combined financial statements of a parent company and its all subsidiaries (separate legal entities controlled by a parent company) showing assets, liabilities, equity, income, expenses and cash flows, and also going through periodic reports which shows the actual and estimated costs and their variances.
  • 9.3.4.5 - Prepare statements for board review (10841) - Preparing a draft of financial statements for the board to review before they are sent to the auditor.
  • 9.3.4.6 - Produce quarterly/annual filings and shareholder reports (10842) - Making and presenting financial reports to stakeholders. Create annual and quarterly financial statements for reporting purposes. Prepare shareholder reports with details of the profit-and-loss account, balance sheet, and past year's business activities.
  • 9.3.4.7 - Produce regulatory reports (10843) - Reporting raw or summary data for final accounts following rules and regulations.
  • 9.3.4.8 - Perform legal and management consolidation (14074) - Carrying out activities associated with legal and management consolidation. Legal consolidation can include currency conversion, balance carry forward, and consolidation of journal entries. Management consolidation can include reporting on financials on a reporting cycle basis to gauge the performance of the organization.