OKR template to achieve 90% accuracy in financial statement preparation

This OKR focuses on achieving 90% accuracy in financial statement preparation, targeting mainly three outcomes. The first outcome deals with reducing errors in trial balances by 20%. For this result, the initiatives suggested include implementing double-entry bookkeeping, weekly review of trial balances, and annual staff training on reconciliation techniques.

The next outcome aims at successfully incorporating feedback from two financial audits to improve reporting accuracy. In order to achieve this, the initiatives adopted include reviewing feedback, determining necessary changes and improvements, and regularly checking their effectiveness post-implementation.

Thirdly, completion of a specialized course on financial statements and passing with at least 85% score is one of the essential outcomes. The initiatives enlisted to tee-off this goal comprise of taking the final course exam aimed at achieving 85% or more, consistent study for course content grasp, and enrollment in a reputable financial statements course.

The overarching objective of this OKR is to improve the accuracy of financial statement preparations, thereby reducing errors in financial reports, incorporating valuable feedback, and enhancing financial knowledge and skills through specialized training and courses.