It's quite easy for Sales or Production department to setup their targets, but for Accounting Department, all the works are routined, and we always face difficulty setting up our target which follow the rule of SMART (Specific, Measurable, Achievable, Realistic, Time bound). Please give ideas of setting targets for Accounting Department. Thanks.
Few examples might be helpful. DSO targets, DPO targets, Maximum number of audit observations with no qualification or material observations. If finance is heavily involved in commercial decisions or driving business, even sales volume can be target for CFOs or Senior Managers of the company