Number of FTEs that perform the process group "perform planning and management accounting" per $1 billion revenue

This measure calculates the number of full-time equivalent employees (FTEs) per $1 billion revenue that perform the process group "perform planning and management accounting," which focuses on understanding cost, productivity, and efficiency as an organization plans, budgets, and forecasts during completion of the Planning and Management Accounting Open Standards Benchmarking Assessment. This measure is part of a set of Process Efficiency measures that help companies optimize their "perform planning and management accounting" process by minimizing waste and refining resource consumption.

Benchmark Data

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Measure Category:
Process Efficiency
Measure ID:
101172
Total Sample Size:
5,177 All Companies
Performers:
25th
-
Median
-
75th
-
Key Performance
Indicator:
Yes

Sample image showing interactive filters for more detailed measure peer group data and an interactive graph.

Compute this Measure

Units for this measure are FTEs.

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(Number of FTEs who perform the process "perform planning/budgeting/forecasting" + Number of FTEs who perform the processes "perform cost accounting and control" and "perform cost management" + Number of FTEs who perform the process "evaluate and manage financial performance") / (Total business entity revenue * .000000001)

Key Terms

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Total Annual Revenue/Net Revenue

Total annual revenue is net proceeds generated from the sale of products or services. This should reflect the selling price less any allowances such as quantity, discounts, rebates and returns. If your business entity is a support unit and therefore does not directly generate revenue, then provide the revenue amount for the units you support. For government/non-profit organizations, please use your non-pass-through budget. For insurance companies the total annual revenue is the total amount of direct written premiums, excluding net investment income. Note: Business entity revenue needs to only include inter-company business segment revenue when the transactions between those business segments are intended to reflect an arm's length transfer price and would therefore meet the regulatory requirements for external revenue reporting.

FTE - (full-time equivalent employee)

To calculate the number of full-time equivalents employed during the year for each respective process or activity, you must prorate the number of employees and the hours spent performing each process/activity. Assume that a full-time worker represents 40 hours per week. Provide the average number of full-time equivalents employed during the year for each respective process. Include full-time employees, part-time employees, and temporary workers hired during peak demand periods. Allocate only the portion of the employee's time that relates to or supports the activities identified for an applicable process. Prorate management and secretarial time by estimating the level of effort in support of each activity, by process.

For example, a part-time secretary in the finance department for XYZ, Inc. charges all of his time to finance department activities. He works 20 hours per week. The secretary splits his time evenly supporting employees working in the general accounting process and the financial reporting process. Thus, his time should be allocated by process. So, if he works throughout the year and supports these two processes, his time would be split evenly as:

20hrs/40hrs = .5FTE * 50% for general accounting = .25FTE for general accounting

20hrs/40hrs = .5FTE * 50% for financial reporting = .25FTE for financial reporting

Process efficiency

Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Median

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)

  • 9.1.1 - Perform planning/budgeting/forecasting (10738)
    • 9.1.1.1 - Develop and maintain budget policies and procedures (10771)
    • 9.1.1.2 - Prepare periodic budgets and plans (10772)
    • 9.1.1.3 - Operationalize and implement plans to achieve budget (20135)
    • 9.1.1.4 - Prepare periodic financial forecasts (10773)
    • 9.1.1.5 - Perform variance analysis against forecasts and budgets (20136)
  • 9.1.2 - Perform cost accounting and control (10739)
    • 9.1.2.1 - Perform inventory accounting (10774)
    • 9.1.2.2 - Perform profit center accounting (14057)
    • 9.1.2.3 - Perform cost of sales analysis (10775)
    • 9.1.2.4 - Perform product costing (10776)
    • 9.1.2.5 - Perform variance analysis (10777)
    • 9.1.2.6 - Report on profitability (11175)
  • 9.1.3 - Perform cost management (10740)
    • 9.1.3.1 - Determine key cost drivers (10778)
    • 9.1.3.2 - Measure cost drivers (10779)
    • 9.1.3.3 - Determine critical activities (10780)
    • 9.1.3.4 - Manage asset resource deployment and utilization (10781)
  • 9.1.4 - Evaluate and manage financial performance (10741)
    • 9.1.4.1 - Assess customer and product profitability (10782)
    • 9.1.4.2 - Evaluate new products (10783)
    • 9.1.4.3 - Perform life cycle costing (10784)
    • 9.1.4.4 - Optimize customer and product mix (10785)
    • 9.1.4.5 - Track performance of new-customer and product strategies (10786)
    • 9.1.4.6 - Prepare activity-based performance measures (10787)
    • 9.1.4.7 - Manage continuous cost improvement (10788)