Govil Nanda Started The Discussion:
Dear Friends Can anybody advise me about what are the KRA’s & KPI’s for Accounts people. Regards Govil Nanda
Hi Govil Nanda,
Speaking of KPIs for Accountants . www.smartKPIs.com may be a good resource for you. It contains a user friendly library of well-documented performance measures. At the moment it lists over 3100 KPI examples, grouped in 73 functional areas, as well as 83 industries and sub-categories.
KPI examples for Accountants are available .
They include but not limited to:
$ Discretionary accrual
$ Invoice processing costs
# Sales to general and administrative expenses
In addition to examples of performance measures, www.smartKPIs.com also contains a catalogue of performance reports that illustrate the use of KPIs in practice.
Examples of such reports for Accountants are available on: KPIs in practice for accountants
The website is updated daily with new content, so check it from time to time for additional content.
Please note that while examples of performance measures are useful to inform decisions, each performance measure needs to be selected and customized based on the objectives and priorities of each organisation.
KRA for Accounts
- Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
- Report to management regarding the finances of establishment
- Establish tables of accounts and assign entries to proper accounts
- Develop, implement, modify, and document recordkeeping and accounting systems, making use of current technology
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting or other tax requirements
- Maintain or examine the records of government agencies
- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs
- Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice
- Assemble spreadsheets and draw charts and graphs used to illustrate technical reports
- Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions
- Interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences
- Monitor fundamental economic, industrial, and corporate developments through the analysis of information obtained from financial publications and services, investment banking firms, government agencies, trade publications, company sources, and personal interviews
- Prepare plans of action for investment based on financial analyses
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