New York, NY, June 06, 2011 --(PR.com
)-- Accounting is the area concerned with preparing financial reports about the reporting entity to support decision making by existing and potential capital providers. In preparing such reports, management benefits from access to detailed information on the entity’s financial performance. Accounting has a long tradition in using KPIs, this making Accounting KPIs the most used in business today. A KPI is a selected indicator considered key for monitoring the performance of a strategic objective, outcome, or key result area important to the success of an activity and growth of the organization overall. KPIs in Accounting refer to specific monetary measures of stocks and flows as well as to efficiency in operation management, systems and control. With more than 220 KPI examples, Accounting is one of the best covered functional areas on smartKPIs.com.
The "Top 25 Accounting KPIs of 2010" report provides insights in the state of accounting performance measurement today by listing and analyzing the most visited KPIs on smartKPIs.com in 2010. It is part of the "Top KPIs of 2010" series of reports and a result of the research program conducted by the analysts of smartKPIs.com in the area of integrated performance management and measurement. smartKPIs.com hosts the largest catalogue of thoroughly documented KPI examples available today and representing an excellent platform for research and dissemination of insights on KPIs and related topics. The hundreds of thousands of visits to smartKPIs.com and the thousands of KPIs visited, bookmarked and rated by members of this online community in 2010 provided a rich data set, which combined with further analysis from the editorial team, formed the basis of these research reports.
Centred around the Accounting KPIs that in 2010 received the highest number of visits on smartKPIs.com, the “Top 25 Accounting KPIs of 2010” report contains in addition to KPI names, a detailed description of each KPI, as documented in smartKPIs Premium and other relevant content. While dominated by Planning and Reporting KPIs, with 12 KPI examples in the Top 25, the most popular KPIs come from categories such as Transactions/Accounts Payable/Accounts Receivable and Cost Analysis:
1. $ Cost of goods sold (COGS)
2. # Days in accounts receivable
3. % Billing accuracy
4. $ Selling, general and administrative expenses (SG & A expenses)
5. $ Working capital per employee
“The Top 25 Accounting KPIs of 2010 report is a synthesis of what smartKPIs.com is all about: it forms an overview of how accounting KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team. By discussing the use of KPIs today, presenting the best practice in documenting them and listing the most popular KPIs of 2010, the Top KPIs of 2010 series of reports are valuable resources in promoting the informed use of KPIs or refreshing the existing performance measurement and management practice in any organisation," said Aurel Brudan, the Performance Architect of smartKPIs.com.
http://www.smartkpis.com is the leading online platform for performance management knowledge integration, hosting the largest database of thoroughly documented KPI examples available on the web today. It offers high quality resources and collaboration functionality for the community of members, assisting them in making smart decisions regarding their performance management initiatives. Registration is free and enables research, learning and interaction as part of a growing community of members from over 190 countries and territories. smartKPIs.com is operated by eab group, an innovative research driven provider of integrated performance management solutions, based in Melbourne, Australia.
Jessie Zhang, eab group, Tel: +61 3 9670 2979, Email: jessie.zhang@smartKPIs.com