Cycle time in days to produce period-end management reports

This measure calculates the number of calendar days (including weekends) between running the initial business entity trial balance and completing the period-end management report for senior management. It is a Cycle Time measure that helps companies analyze the duration of the "perform general accounting" process from beginning to end.

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
100625
Total Sample Size:
2,220 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No

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Compute this Measure

Units for this measure are days.

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Cycle time in calendar days from running the initial trial balance to completing the period-end management report

Key Terms

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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 (7.4)

  • 9.3.2.1 - Maintain chart of accounts (10819)
  • 9.3.2.2 - Process journal entries (10820)
  • 9.3.2.3 - Process allocations (10821)
  • 9.3.2.4 - Process period end adjustments (10822)
  • 9.3.2.5 - Post and reconcile intercompany transactions (10823)
  • 9.3.2.6 - Reconcile general ledger accounts (10824)
  • 9.3.2.7 - Perform consolidations and process eliminations (10825)
  • 9.3.2.8 - Prepare trial balance (10826)
  • 9.3.2.9 - Prepare and post management adjustments (10827)