Define: Key Performance Indicators

UK Accounting Glossary

Definition: Key Performance Indicators

Quick Summary of Key Performance Indicators

Quantified measures of factors that help to measure the performance of the business effectively.

What is the dictionary definition of Key Performance Indicators?

Dictionary Definition

Full Definition of Key Performance Indicators

Key business statistics such as number of new orders, cash collection efficiency, and return on investment (ROI), which measure a firm’s performance in critical areas. KPI’s show the progress (or lack of it) toward realising the firm’s objectives or strategic plans by monitoring activities which (if not properly performed) would likely cause severe losses or outright failure.

Examples of Key Performance Indicators in a sentence

You should be monitoring your key performance indicators to assess if performance is going as well as it should be.
There are no KPIs currently in place for product returns neither is any provisions requiring the company to keep data on the subject.

Key Performance Indicators FAQ's

Cite Term

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Modern Language Association (MLA):
Key Performance Indicators. Payroll & Accounting Heaven Ltd. July 17, 2019
Chicago Manual of Style (CMS):
Key Performance Indicators. Payroll & Accounting Heaven Ltd. (accessed: July 17, 2019).
American Psychological Association (APA):
Key Performance Indicators. Retrieved July 17, 2019, from website:

Definition Sources

Definitions for Key Performance Indicators are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.