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Business sets the non-financial goals and objectives in a way that serves the market effectively.In other ways, a business may have the non-financial objectives which will limit the achievement of financial objectives.
Some of the important non-financial objectives are:
1.Employee welfare- It is an important provision, this relates to issues such as wages, salaries, comfortable and safe working conditions, training and development, etc.
2.Customer servings-Another provision of the non-financial goal is to understand and meet the needs and wants of customers. It will include meeting defined delivery standards, product quality, reliability and after-sales service levels.
3.Management can and do set objectives which are essentially about their own welfare. Here, the objectives will be related to pay and conditions.
4. Relationships with Suppliers-The relationships to suppliers are expressed mainly in terms of trading relationships.
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What are the objective of financial management . Which objective is most important and why?
To achieve the main object of the company at minimum cost.
What is the difference between financial objectives and strategic objectives?
Any objective that is market based is strategic objective. Any objective that can be derived from financial statements is financial objective.
What are objective of non banking financial institutions?
Non banking institutions offer different services. These services will range from check cashing to making a payment on a bill.
What are the non financial indicators?
Non financial indicators are business functions which provide evidence of a companyÕs ability to succeed. These indicators are not related to the financial standing of the company. Non financial indicators include the companyÕs environment, research and development, staff, sales and marketing strategies, and manufacturing and production capabilities.
What is the objective of financial controller in a company?
Accurately report the financial results of the company's operations in acordance with generally accepted standards. Produce reports for management which help then analyze and better understand what is going on in the company operations. Help produce company budgets and report spending and revenue against the budgeted numbers.
What are the objective of financial management . Which objective is most important and why?
To achieve the main object of the company at minimum cost.
The primary objective of financial accounting is?
increases in equity from a company's earning activities are
List of financial and non financial incentives given by the companies?
A financial incentive a company might give an employee is a bonus for joining the company or staying with the company a certain length of time. A non-financial incentive from a company might be a day care center, an exercise room, or free coffee.
What non financial objectives does sainsbury have?
Sainsbury's ultimate financial objective is to obtain enough money to invade china
The basic objective of financial accounting is?
The basic objective of financial accounting is the formulation of financial statements including the balance sheet, income statement and cash flow statement. Income statements show the company's operating performance quarterly or annually.
What is the difference between financial objectives and strategic objectives?
Any objective that is market based is strategic objective. Any objective that can be derived from financial statements is financial objective.
What are objective of non banking financial institutions?
Non banking institutions offer different services. These services will range from check cashing to making a payment on a bill.
What are the non financial indicators?
Non financial indicators are business functions which provide evidence of a companyÕs ability to succeed. These indicators are not related to the financial standing of the company. Non financial indicators include the companyÕs environment, research and development, staff, sales and marketing strategies, and manufacturing and production capabilities.
What are non financial indicators?
Non financial indicators are business functions which provide evidence of a companyÕs ability to succeed. These indicators are not related to the financial standing of the company. Non financial indicators include the companyÕs environment, research and development, staff, sales and marketing strategies, and manufacturing and production capabilities.
Are non-profit organizations more likely to shut down due to the recession?
With the current financial problems every company can have problems. Please research the financial strength of the company.
What is full form of NBFC as used in the financial sector?
Non Banking Finance Company
What is the objective of financial controller in a company?
Accurately report the financial results of the company's operations in acordance with generally accepted standards. Produce reports for management which help then analyze and better understand what is going on in the company operations. Help produce company budgets and report spending and revenue against the budgeted numbers.
