Record to Report (R2R)

The process of collecting, processing, and presenting financial data to provide internal and external stakeholders with accurate financial statements and reports.

Process Stages

1

Transaction Recording & Data Capture

R2R_S01
6 KPIs

Capturing all financial transactions (e.g., sales, purchases, journal entries) accurately and completely in the general ledger and sub-ledgers.

6 KPIs measure this stage
2

Period-End Close & Consolidation

R2R_S02
6 KPIs

Performing month-end, quarter-end, and year-end closing procedures, including accruals, reconciliations, and intercompany eliminations. Consolidating financial data from various entities.

6 KPIs measure this stage
3

Financial Reporting & Analysis

R2R_S03
6 KPIs

Preparing financial statements (Balance Sheet, Income Statement, Cash Flow Statement), management reports, variance analysis, and regulatory filings.

6 KPIs measure this stage
4

Budgeting & Forecasting

R2R_S04

Developing financial budgets, forecasts, and scenarios based on historical data and business plans.

5

Audit & Compliance

R2R_S05

Supporting internal and external audits, ensuring compliance with accounting standards (e.g., IFRS, GAAP) and regulatory requirements.

Local Network
Total KPIs
18

Measuring this lifecycle

Total Standards
0

Required across stages

Total DQ Dimensions
0

Critical for quality