ID-CY01-DE07 (Finance& Accounting)

Document Sample
ID-CY01-DE07 (Finance& Accounting) Powered By Docstoc
					Company: PT OSK Nusadana Securities
                                             Category: Department                                Name: Finance & Accounting                              ID            CY01      DE07             Owner: Regina K
Indonesia

Strategic Goals                              Objectives                                          Measurements/KPIs                                    Weighting   Threshold   Target    Stretch     Initiatives


Financial (15%)

Improve cost management                      Meet budget expectation                             1 Budgeted departmental cost (IDR'mil)
                                             Efficient tax planning                              2 Effective tax rate (%)




Customer (20%)

Provide efficient support services           Improve internal customer satisfaction              1 Internal customer satisfaction score
                                             Minimise issues raised by external auditors         2 No. of issues raised in management letter
                                             Meet reporting obligations to audit committee       3 Audit committee satisfaction score




Internal Process (55%)

Improve systems and operational efficiency   Streamline and automate processes                   1   No. of processes enhanced
Effective compliance and risk mgmt culture   Improve internal control                            2   No. of material findings
                                             Improve timeliness of reporting                     3   % of reports/cases completed on time
                                             Improve accuracy/reliability of processes/reports   4   No. of re-submissions to authorities
                                             Reduce errors and omissions                         5   Losses arising from errors and omissions (IDR)




Learning and Growth (10%)

Develop and retain competent workforce       Enhance succession planning                         1 % of identified succesors
                                             Improve knowledge and skills                        2 % of employees meeting 3 learning days
                                             Improve employee retention                          3 Employee turnover rate
                                 OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia      Department: Finance and Accounting

Strategic goal: Improve cost management

Description:
The approved budgeted departmental costs set the target for this measurement. It allows us to monitor the costs to-date again




Baseline (2009): [ ]                               Target: [ ]

Formula:
Total actual costs of the department.




Data source:
Figures can be extracted from the monthly management account prepared by GFA.




Weightage: [ ]                                     Frequency: Monthly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                   []




Prepared by: Regina K                              Concurred by owner: Regina K
recard Measure Dictionary
                                                                                ID-CY01-DE07-FN01

                                                                 Financial year: 2010

            Objective: Meet budget expectation                   Measurement: Budgeted departmental cost



s to monitor the costs to-date against the budgeted departmental costs for the financial year.




            Threshold: [ ]                                       Stretch: [ ]




            Target unit: IDR'000                                 Data collector: [Data Collector's name ]

            Person responsible:                                  Commencement:             Completion:

                                     []                                  [mth year]                [mth year]

                                     []                                  [mth year]                [mth year]

                                     []                                  [mth year]                [mth year]

                                     []                                  [mth year]                [mth year]




            Approved by: [ ]                                     Date: Date finalized by BSC Team
                                  OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia        Department: Finance and Accounting

Strategic goal: Improve cost management

Description:
Effective tax rate is the tax expense as a percentage of profit before tax and it can be minimised through efficient tax planning.




Baseline (2009): [ ]                                 Target: [ ]

Formula:
Tax expense (excluded deferred tax recognised) / Profit before tax x 100%




Data source:
Figures can be extracted from the monthly management account prepared by GFA.




Weightage: [ ]                                       Frequency: Semi-annually

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                     []




Prepared by: Regina K                                Concurred by owner: Regina K
recard Measure Dictionary
                                                                ID-CY01-DE07-FN02

                                                 Financial year: 2010

             Objective: Efficient tax planning   Measurement: Effective tax rate



mised through efficient tax planning.




             Threshold: [ ]                      Stretch: [ ]




             Target unit: Percentage (%)         Data collector: [Data Collector's name ]

             Person responsible:                 Commencement:             Completion:

                                        []               [mth year]                [mth year]

                                        []               [mth year]                [mth year]

                                        []               [mth year]                [mth year]

                                        []               [mth year]                [mth year]




             Approved by: [ ]                    Date: Date finalized by BSC Team
                                  OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia        Department: Finance and Accounting

Strategic goal: Provide efficient support services

Description:
The internal customer satisfaction rating is a measure of how well we support our internal customers, which include both busine




Baseline (2009): [ ]                                 Target: [ ]

Formula:
Aggregate of average score for each respondent divided by the total number of respondents. The scoring scale is as follows: 1




Data source:
Questionaire forms will be sent to relevant internal customers of the department (i.e. other OSK departments/subsidiaries that
the average satisfaction score. The selection criteria will be determined by the Management.



Weightage: [ ]                                       Frequency: Annually

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                     []




Prepared by: Regina K                                Concurred by owner: Regina K
recard Measure Dictionary
                                                                                  ID-CY01-DE07-CU01

                                                                   Financial year: 2010

             Objective: Improve internal customer satisfaction     Measurement: Internal customer satisfaction score



ustomers, which include both business and non-business , and departments.




             Threshold: [ ]                                        Stretch: [ ]



s. The scoring scale is as follows: 1 is Poor, 2 is Below Par, 3 is Satisfactory, 4 is Good and 5 is Outstanding.




OSK departments/subsidiaries that depend on the department's services) and their feedback is compiled to obtain
.



             Target unit: Score number                             Data collector: [Data Collector's name ]

             Person responsible:                                   Commencement:               Completion:

                                      []                                   [mth year]                  [mth year]

                                      []                                   [mth year]                  [mth year]

                                      []                                   [mth year]                  [mth year]

                                      []                                   [mth year]                  [mth year]




             Approved by: [ ]                                      Date: Date finalized by BSC Team
                                  OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia        Department: Finance and Accounting

Strategic goal: Provide efficient support services

Description:
It is important to obtain independent opinions and professional advices from external auditors so that risk areas can be address




Baseline (2009): [ ]                                 Target: [ ]

Formula:
No. of audit issues raised by external auditors.




Data source:
Management letter issued by external auditors




Weightage: [ ]                                       Frequency: Sem-annually

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                     []




Prepared by: Regina K                                Concurred by owner: Regina K
recard Measure Dictionary
                                                                             ID-CY01-DE07-CU02

                                                              Financial year: 2010

            Objective: Minimise issues raised by external     Measurement: No. of issues raised in management
            auditors                                          letter


rs so that risk areas can be addressed and resolved timely.




            Threshold: [ ]                                    Stretch: [ ]




            Target unit: Number                               Data collector: [Data Collector's name ]

            Person responsible:                               Commencement:             Completion:

                                    []                                [mth year]                [mth year]

                                    []                                [mth year]                [mth year]

                                    []                                [mth year]                [mth year]

                                    []                                [mth year]                [mth year]




            Approved by: [ ]                                  Date: Date finalized by BSC Team
                                  OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia        Department: Finance and Accounting

Strategic goal: Provide efficient support services

Description:
It is crucial to provide the Audit Committee with timely and accurate reports to enable them to perform their roles in financial re




Baseline (2009): [ ]                                 Target: [ ]

Formula:
Aggregate of average score for each Audit Committee member divided by the total number of Audit Committee members. The
and 5 is Outstanding.


Data source:
Questionnaire forms will be sent to Audit Committee members and their feedback is compiled to obtain the satisfaction score.




Weightage: [ ]                                       Frequency: Annually

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                      []




Prepared by: Regina K                                Concurred by owner: Regina K
recard Measure Dictionary
                                                                                  ID-CY01-DE07-CU03

                                                                   Financial year: 2010

            Objective: Meeting reporting obligations to Audit
                                                                   Measurement: Audit Committee satisfaction score
            Committee


to perform their roles in financial reporting to board of directors.




            Threshold: [ ]                                         Stretch: [ ]



of Audit Committee members. The scoring scale is as follows: 1 is Poor, 2 is Below Par, 3 is Satisfactory, 4 is Good




d to obtain the satisfaction score.




            Target unit: Number                                    Data collector: [Data Collector's name ]

            Person responsible:                                    Commencement:             Completion:

                                      []                                   [mth year]                [mth year]

                                      []                                   [mth year]                [mth year]

                                      []                                   [mth year]                [mth year]

                                      []                                   [mth year]                [mth year]




            Approved by: [ ]                                       Date: Date finalized by BSC Team
                                 OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia      Department: Finance and Accounting

Strategic goal: Improve systems and operational efficiency

Description:
The number of processes enhanced could lead to system improvement and operational efficiency.




Baseline (2009): [ ]                               Target: [ ]

Formula:
The total number of processes enhanced or SOPs standardised or updated.

The total number of processes enhanced or SOPs standardised or updated.

Data source:
Confirmation from head of department, subsidiary or O & M Department.




Weightage: [ ]                                     Frequency: Quarterly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                    []




Prepared by: Regina K                              Concurred by owner: Regina K
recard Measure Dictionary
                                                                       ID-CY01-DE07-IP01

                                                        Financial year: 2010

         Objective: Streamline and automate processes   Measurement: No. of processes enhanced



iency.




         Threshold: [ ]                                 Stretch: [ ]




         Target unit: Number                            Data collector: [Data Collector's name ]

         Person responsible:                            Commencement:             Completion:

                                []                              [mth year]                [mth year]

                                []                              [mth year]                [mth year]

                                []                              [mth year]                [mth year]

                                []                              [mth year]                [mth year]




         Approved by: [ ]                               Date: Date finalized by BSC Team
                                 OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia      Department: Finance and Accounting

Strategic goal: Effective risk management and compliance culture

Description:
This measurement could provide an indication of the severity of the weaknesses in internal controls. The requirement of the m
system regularly.



Baseline (2009): [ ]                               Target: [ ]

Formula:
Total actual costs of the department.




Data source:
Internal audit report.




Weightage: [ ]                                     Frequency: Quarterly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                   []




Prepared by: Regina K                              Concurred by owner: Regina K
recard Measure Dictionary
                                                                            ID-CY01-DE07-IP02

                                                             Financial year: 2010

            Objective: Improve internal controls             Measurement: No. of material findings



controls. The requirement of the minimum number will encourage enhancement in processes and internal control




            Threshold: [ ]                                   Stretch: [ ]




            Target unit: Number                              Data collector: [Data Collector's name ]

            Person responsible:                              Commencement:             Completion:

                                    []                               [mth year]                [mth year]

                                    []                               [mth year]                [mth year]

                                    []                               [mth year]                [mth year]

                                    []                               [mth year]                [mth year]




            Approved by: [ ]                                 Date: Date finalized by BSC Team
                                OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia      Department: Finance and Accounting

Strategic goal: Effective compliance & risk management culture

Description:
Timely financial information includes both statutory and management reports to be provided to the autorities and management




Baseline (2009): [ ]                               Target: [ ]

Formula:
No. of reports/cases completed on time / Total no. of reports/cases to be completed x 100%




Data source:
Actual date of reports submitted maintained




Weightage: [ ]                                     Frequency: Monthly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                   []




Prepared by: Regina K                              Concurred by owner: Regina K
recard Measure Dictionary
                                                                                ID-CY01-DE07-IP03

                                                                 Financial year: 2010

                                                                 Measurement: % of reports/cases completed on
              Objective: Improve timeliness of reporting
                                                                 time


    to the autorities and management for business decision making.




              Threshold: [ ]                                     Stretch: [ ]



%




              Target unit: Percentage (%)                        Data collector: [Data Collector's name ]

              Person responsible:                                Commencement:             Completion:

                                      []                                 [mth year]                [mth year]

                                      []                                 [mth year]                [mth year]

                                      []                                 [mth year]                [mth year]

                                      []                                 [mth year]                [mth year]




              Approved by: [ ]                                   Date: Date finalized by BSC Team
                                 OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia       Department: Finance and Accounting

Strategic goal: Effective compliance & risk management culture

Description:
Ensure accurate statutory reporting to uphold the quality.




Baseline (2009): [ ]                                Target: [ ]

Formula:
No. of re-submissions of reports to authorities / Total no. of reports submitted x 100%




Data source:
Actual date of reports submitted inclusive of re-submission




Weightage: [ ]                                      Frequency: Monthly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                     []




Prepared by: Regina K                               Concurred by owner: Regina K
recard Measure Dictionary
                                                               ID-CY01-DE07-IP05

                                                Financial year: 2010

   Objective: Improve accuracy/reliability of
                                                Measurement: No. of re-submissions to authorities
   processes/reports




   Threshold: [ ]                               Stretch: [ ]




   Target unit: Percentage (%)                  Data collector: [Data Collector's name ]

   Person responsible:                          Commencement:             Completion:

                            []                          [mth year]                [mth year]

                            []                          [mth year]                [mth year]

                            []                          [mth year]                [mth year]

                            []                          [mth year]                [mth year]




   Approved by: [ ]                             Date: Date finalized by BSC Team
                                 OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia       Department: Finance and Accounting

Strategic goal: Effective compliance & risk management culture

Description:
To minimise operational risk of the company by reducing errors leading to financial losses.




Baseline (2009): [ ]                                Target: [ ]

Formula:
Total amount of losses arising from errors and omissions made due to negligence




Data source:
Accounting records.




Weightage: [ ]                                      Frequency: Monthly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                     []




Prepared by: Regina K                               Concurred by owner: Regina K
recard Measure Dictionary
                                                           ID-CY01-DE07-IP05

                                            Financial year: 2010

                                            Measurement: Losses arising from errors and
   Objective: Reduce errors and omissions
                                            omission




   Threshold: [ ]                           Stretch: [ ]




   Target unit: RM                          Data collector: [Data Collector's name ]

   Person responsible:                      Commencement:             Completion:

                          []                        [mth year]                [mth year]

                          []                        [mth year]                [mth year]

                          []                        [mth year]                [mth year]

                          []                        [mth year]                [mth year]




   Approved by: [ ]                         Date: Date finalized by BSC Team
                                 OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia       Department: Finance and Accounting

Strategic goal: Develop & retain competent workforce

Description:
This measurement is to ensure the availability of successors for key positions to cater for the future needs and expansion of the




Baseline (2009): [ ]                                Target: [ ]

Formula:
Number of successors identified / Total number of key positions x 100%




Data source:
GHR will compile and evaluate the data submitted by the HOD for the candidates identified.




Weightage: [ ]                                      Frequency: Quarterly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                     []




Prepared by: Regina K                               Concurred by owner: Regina K
recard Measure Dictionary
                                                                                 ID-CY01-DE07-LG01

                                                                  Financial year: 2010

            Objective: Enhance succession planning                Measurement: % of identified successors



e future needs and expansion of the organisation or department.




            Threshold: [ ]                                        Stretch: [ ]




            Target unit: Percentage (%)                           Data collector: [Data Collector's name ]

            Person responsible:                                   Commencement:             Completion:

                                    []                                    [mth year]                [mth year]

                                    []                                    [mth year]                [mth year]

                                    []                                    [mth year]                [mth year]

                                    []                                    [mth year]                [mth year]




            Approved by: [ ]                                      Date: Date finalized by BSC Team
                                OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia      Department: Finance and Accounting

Strategic goal: Develop & retain competent workforce

Description:
This measurement is to ensure continuous learning as part of our initiatives to improve employees' knowledge and skills. Learn
seminar, conference, e-learning, on-the-job attachment etc.



Baseline (2009): [ ]                               Target: [ ]

Formula:
[ Number of employees (Associates and above) meeting 24 learning hours per year / Total employees from the same category




Data source:
Data from Human Resource Information System (e-training module)




Weightage: [ ]                                     Frequency: Quarterly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                    []




Prepared by: Regina K                              Concurred by owner: Regina K
recard Measure Dictionary
                                                                                ID-CY01-DE07-LG02

                                                                 Financial year: 2010

                                                                 Measurement: % of employees meeting 3 learning
            Objective: Improve knowledge & skills
                                                                 days


loyees' knowledge and skills. Learning hours will be accorded for classroom training (attend or conduct), talk,




            Threshold: [ ]                                       Stretch: [ ]



employees from the same category ] x 100%




            Target unit: Percentage (%)                          Data collector: [Data Collector's name ]

            Person responsible:                                  Commencement:             Completion:

                                     []                                  [mth year]                [mth year]

                                     []                                  [mth year]                [mth year]

                                     []                                  [mth year]                [mth year]

                                     []                                  [mth year]                [mth year]




            Approved by: [ ]                                     Date: Date finalized by BSC Team
                                 OSK Balanced Scorecard Mea

Company: PT OSK Nusadana Securities Indonesia       Department: Finance and Accounting

Strategic goal: Develop & retain competent workforce

Description:
Employee turnover is a measure of staff resignation rate.




Baseline (2009): [ ]                                Target: [ ]

Formula:
( Total number of resignations for all levels of employees at the end of the period / Average total employees of the period ) x 1




Data source:
Data from Human Resource Information System




Weightage: [ ]                                      Frequency: Quarterly

Initiatives:

1. [ ]

2. [ ]

3. [ ]

4. [ ]

Remark (if any):                                     []




Prepared by: Regina K                               Concurred by owner: Regina K
recard Measure Dictionary
                                                                  ID-CY01-DE07-LG03

                                                   Financial year: 2010

           Objective: Improve employee retention   Measurement: Employee turnover rate




           Threshold: [ ]                          Stretch: [ ]



total employees of the period ) x 100%




           Target unit: Percentage (%)             Data collector: [Data Collector's name ]

           Person responsible:                     Commencement:             Completion:

                                  []                       [mth year]                [mth year]

                                  []                       [mth year]                [mth year]

                                  []                       [mth year]                [mth year]

                                  []                       [mth year]                [mth year]




           Approved by: [ ]                        Date: Date finalized by BSC Team

				
Samia  kohail Samia kohail Primary School of the Future http://
About I am a Teacher in primary school