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Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
ISBN: 9781285866307

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BuyFindarrow_forward

Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
ISBN: 9781285866307
Textbook Problem

Briefly explain why firms might use non financial performance measures.

To determine

Nonfinancial performance measures:

Expressing a performance in terms of measures other than the dollars is known as nonfinancial performance measures. In order to evaluate the time, quality, or quantity of a business activity these measures are used.

To explain: The reason behind the uses of nonfinancial performance measures by the firms.

Explanation

  • Expressing a performance in terms of measures other than the dollars is known as nonfinancial performance measures. Hence, it helps the managers in providing an additional measure which is beyond the dollar impact of decisions...

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