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FA

Difference between revisions of "FA"

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===Welcome!===
 
===Welcome!===
 
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]]
 
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===
+
==Processes==
 
We recognize 4 types of [[FA]] 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 transactions - These are mostly transacted following business activities: e.g. generating an invoice resulting in a financial booking in accounts receivables.  
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* Cashflow planning
 
* Cashflow planning
 
Please add further process groupings or add definition to the existing
 
Please add further process groupings or add definition to the existing
===Metrics===
+
==Metrics==
 
We are looking for metrics that define [[FA]] performance.  
 
We are looking for metrics that define [[FA]] performance.  
 
*  
 
*  

Revision as of 15:12, 22 July 2017

Welcome!

We are looking for volunteers to start this framework. We have lots of ideas but need experts like you to get started. Contact us

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 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?

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