Difference between revisions of "FA"

Latest revision as of 17:58, 22 July 2017

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Processes

We recognize 4 types of Finance & Accounting processes:

Recording transactions - These are mostly transacted following business activities: e.g. generating an invoice resulting in a financial booking in accounts receivables.
Recording journal entries for accounting purposes - These are driven by consolidation and closing activities: E.g. Monthly valuation of stocks.
Reporting - the consolidation of financial information for the purpose of financial analysis and management reporting
Auditing - the validating of accuracy of information for the purpose of error correction and fraud prevention.

Additionally we recognize the need for financial planning:

Budgetting
Cashflow planning

Please add further process groupings or add definition to the existing

Metrics

We are looking for metrics that define Finance & Accounting performance.

Key question here is what the key metrics are to measure the company's financial performance. Many key numbers are recognized from a stock valuation perspective, but how about internal indicators for financial performance? Are they the same or different or?

@@ Line 1: / Line 1: @@
-===Welcome!===
+{{howto}}
-We are looking for volunteers to start this framework. We have lots of ideas but need experts like you to get started. [[Contact|Contact us]]|
+==Processes==
+We recognize 4 types of [[FA]] processes:
+* Recording transactions - These are mostly transacted following business activities: e.g. generating an invoice resulting in a financial booking in accounts receivables.
+* Recording journal entries for accounting purposes - These are driven by consolidation and closing activities: E.g. Monthly valuation of stocks.
+* Reporting - the consolidation of financial information for the purpose of financial analysis and management reporting
+* Auditing - the validating of accuracy of information for the purpose of error correction and fraud prevention.
+Additionally we recognize the need for financial planning:
+* Budgetting
+* Cashflow planning
+Please add further process groupings or add definition to the existing
+==Metrics==
+We are looking for metrics that define [[FA]] performance.
+*
+*
+*
+Key question here is what the key metrics are to measure the company's financial performance. Many key numbers are recognized from a stock valuation perspective, but how about internal indicators for financial performance? Are they the same or different or?