Processes

Prepare statements for board review

How prepare statements for board review are reshaped as AGI capability advances.

ProcessesPrepare statements for board review
Prepare statements for board review — illustrated

The bottom line

Roughly 90% of the work in Prepare statements for board review is information-shaped — already within reach of AI delivery. The question here is not whether it shifts, but which tasks go first and who staffs the residual.

Why: With no child occupations seeded, the scalar is derived entirely from the APQC lens 'Perform general accounting and reporting' and the process description. Drafting financial statements is purely information-transformation work, executed on computers and software, placing it firmly in the high-digital band.

grounded in the economy graph · digital scalar 0.90 · digital

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How the work flows

Trigger: The financial close process concludes and consolidated financial data becomes available for reporting.

  1. Compile consolidated financial data from general ledgers
  2. Draft primary financial statements including balance sheet, income statement, and cash flow
  3. Prepare accompanying footnote disclosures and management commentary
  4. Perform internal accuracy and variance checks on the draft
  5. Format and assemble the statement package for board presentation

Outcome: A complete, formatted draft of the financial statements is ready for the board of directors to review prior to external audit.

Measured by

Draft Preparation Cycle TimeFirst-Pass Yield Of Financial DraftsBoard Review Revision Rate