Systems cost to perform the process group "perform general accounting and reporting" (excluding fixed assets) per $100,000 revenue

This measure calculates systems cost (direct and/or allocated to your business entity) to perform the process group "perform general accounting and reporting" (excluding fixed assets) per $100,000 revenue. Systems cost refers to a variety of expenses related to computer hardware/software, network and application maintenance, data storage, etc., and all fees paid to full-time, part-time, or temporary employees or independent contractors hired to perform these services. These should not include one-time costs for major new systems developments/replacements. The process "manage (financial) policies and procedures" includes [Creating procedures to perform general accounting and reporting. Follow the rules and regulations made for a particular process in the business. Publish accounting policies. ]. The process "perform general accounting" includes [Applying basic principles, concepts, and accounting practices in recording and preparing final accounts, and using accounting information in management.]. process "perform financial reporting" This Cost Effectiveness measure is intended to help companies understand this cost expenditure related to the process group "Perform general accounting and reporting".

Benchmark Data

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Measure Category:
Cost Effectiveness
Measure ID:
108826
Total Sample Size:
2,790 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No
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Compute this Measure

Units for this measure are dollars.

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(Systems cost to perform the process "manage policies and procedures" + Systems cost to perform the process "perform general accounting" + Systems cost to perform the process "perform financial reporting") / (Total business entity revenue * 0.00001)

Key Terms

There are no key terms associated with this measure.
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Measure Scope

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Cross Industry (7.4)

  • 9.3.1 - Manage financial policies and procedures (10747)
    • 9.3.1.1 - Negotiate service-level agreements (10815)
    • 9.3.1.2 - Establish accounting policies (10816)
    • 9.3.1.3 - Publish accounting policies (20604)
    • 9.3.1.4 - Set and enforce approval limits (10817)
    • 9.3.1.5 - Establish common financial systems (10818)
  • 9.3.2 - Perform general accounting (10748)
    • 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)
  • 9.3.3 - Perform fixed-asset accounting (10749)
    • 9.3.3.1 - Establish fixed-asset policies and procedures (10828)
    • 9.3.3.2 - Maintain fixed-asset master data files (10829)
    • 9.3.3.3 - Process and record fixed-asset additions and retires (10830)
    • 9.3.3.4 - Process and record fixed-asset adjustments, enhancements, revaluations, and transfers (10831)
    • 9.3.3.5 - Process and record fixed-asset maintenance and repair expenses (10832)
    • 9.3.3.6 - Calculate and record depreciation expense (10833)
    • 9.3.3.7 - Reconcile fixed-asset ledger (10834)
    • 9.3.3.8 - Track fixed-assets including physical inventory (10835)
    • 9.3.3.9 - Provide fixed-asset data to support tax, statutory, and regulatory reporting (10836)
  • 9.3.4 - Perform financial reporting (10750)
    • 9.3.4.1 - Prepare business unit financial statements (10837)
    • 9.3.4.2 - Prepare consolidated financial statements (10838)
    • 9.3.4.3 - Perform business unit reporting/review management reports (10839)
    • 9.3.4.4 - Perform consolidated reporting/review of cost management reports (10840)
    • 9.3.4.5 - Prepare statements for board review (10841)
    • 9.3.4.6 - Produce quarterly/annual filings and shareholder reports (10842)
    • 9.3.4.7 - Produce regulatory reports (10843)
    • 9.3.4.8 - Perform legal and management consolidation (14074)