Cycle time in days from producing annual flash reports to completing consolidated annual financial statements

This measure calculates the number of calendar days (including weekends) that elapse between producing the initial annual flash reports for management and completing the agreed-upon annual business entity consolidated financial statements. 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 financial reporting" process from beginning to end.

Benchmark Data


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Measure Category:
Cycle Time
Measure ID:
Total Sample Size:
2,110 All Companies
25th Median 75th
- - -
Key Performance Indicator:

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Compute this Measure

Units for this measure are days.

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Cycle time in calendar days from producing flash reports and completing the consolidated financial statements

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.

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.3.1)

  • - Prepare business unit financial statements (10837)
  • - Prepare consolidated financial statements (10838)
  • - Perform business unit reporting/review management reports (10839)
  • - Perform consolidated reporting/review of cost management reports (10840)
  • - Prepare statements for board review (10841)
  • - Produce quarterly/annual filings and shareholder reports (10842)
  • - Produce regulatory reports (10843)
  • - Perform legal and management consolidation (14074)