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| − | ===Welcome!===
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| − | 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]]
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| | ==Processes== | | ==Processes== |
| | We recognize 4 types of [[FA]] processes: | | We recognize 4 types of [[FA]] processes: |
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| − | Key question here is what are key metrics 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? | + | 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? |
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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?