Number of FTEs that perform the process group "perform general accounting and reporting" 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 general accounting and reporting," which consists of preparing financial statements (i.e. balance sheet, income statement, statement of cash flows, and statement of stockholders' equity) according to accounting concepts and principles. It is part of a set of Process Efficiency measures that help companies optimize their "perform general accounting and reporting" process by minimizing waste and refining resource consumption.

Benchmark Data


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Measure Category:
Process Efficiency
Measure Id:
Total Sample Size:
4,141 All Companies
Key Performance

Compute this Measure

Units for this measure are FTEs.

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Number of FTEs who perform the process group "perform general accounting and reporting" / (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.


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 (7.3.0)

  • 9.3.1 - Manage financial policies and procedures (10747)
    • - Negotiate service-level agreements (10815)
    • - Establish accounting policies (10816)
    • - Publish accounting policies (20604)
    • - Set and enforce approval limits (10817)
    • - Establish common financial systems (10818)
  • 9.3.2 - Perform general accounting (10748)
    • - Maintain chart of accounts (10819)
    • - Process journal entries (10820)
    • - Process allocations (10821)
    • - Process period end adjustments (10822)
    • - Post and reconcile intercompany transactions (10823)
    • - Reconcile general ledger accounts (10824)
    • - Perform consolidations and process eliminations (10825)
    • - Prepare trial balance (10826)
    • - Prepare and post management adjustments (10827)
  • 9.3.3 - Perform fixed-asset accounting (10749)
    • - Establish fixed-asset policies and procedures (10828)
    • - Maintain fixed-asset master data files (10829)
    • - Process and record fixed-asset additions and retires (10830)
    • - Process and record fixed-asset adjustments, enhancements, revaluations, and transfers (10831)
    • - Process and record fixed-asset maintenance and repair expenses (10832)
    • - Calculate and record depreciation expense (10833)
    • - Reconcile fixed-asset ledger (10834)
    • - Track fixed-assets including physical inventory (10835)
    • - Provide fixed-asset data to support tax, statutory, and regulatory reporting (10836)
  • 9.3.4 - Perform financial reporting (10750)
    • - 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)