Industry: Telecommunications

Function: Accounting & Finance

Value-Added Results	Performance Standards
Compiled financial reports	• No more than 1-2 reports/year missing from Blue Book. • Reports submitted monthly between 11:00 am and noon 2 days after earnings day.
Accurate journal entries • Cycled journal entries • Filed entries • Obtained approvals	• 80%—90% journal entries cycled and prepped the same day received. • 100% cycled if Overheads, Final general ledger or CSS is running. • No more than 1—2 cycling errors/month.
Verified and corrected edits	• No uncorrected errors requiring a rerun of jobs.
Maintained Company books • Calculated prepayments/deferreds • Recorded cash activity • Coded checks • Maintained subsidiary ledgers (working fund and returned checks)	• Supervisor judges that prepayments and deferreds are done well: • Expenses deferred over correct time period. • Evidence exists of initiative to get bills in. • Evidence exists of initiative to get payments in. • No more than 4—6 cash journal entry errors/year causing a variance at month end. • No more than 3—4 discrepancies found in working fund audit/year. • Records to support amount paid to state are judged acceptable by the supervisor.
Reconciled balance sheet accounts	• 75%—90% of accounts reconciled by end of the following month.