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(Metrics)
 
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===Welcome!===
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{{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==
 
==Processes==
 
We recognize 4 types of [[FA]] processes:
 
We recognize 4 types of [[FA]] processes:
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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?
 
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?
===Notes===
 
{{howto}}
 

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?