Creating efficient accounting for construction organizations utilizing key performance indicators

Abstract

In the prevailing era, the pace and effectiveness of management decisions hugely depend on the pace of processing, collection, transmission, and analysis of data regarding financial outcomes shaped by the analytical and accounting system of organizations. It seems incredibly challenging to evaluate the duty and performance of the accounting unit. However, a means of properly-built key performance indicators (KPI) comes to the aid. The duty of KPI is to make life simpler for the managers of the organization, the business owners, and regular workers. This study aims to analyze the forming of efficient accounting for construction organizations utilizing key performance indicators (KPI). To that end, theoretical, empirical, monographic, statistical and economic, logical, and abstract approaches are utilized. Based on the results, KPI is regarded as the mathematical relation of the outcomes of the approaches and techniques of its implementation and also the quantity and quality of resources utilized. Considering calculating the dependence, one can perceive how close we are to attaining a specific aim and if we are heading toward the right trajectory.

Keywords

• accounting
• performance indicators
• quality control
• effective work