0
Why do most control of overall performance tend to be financial?
Wiki User
∙ 9y ago
Financials are used because they are measurable. Other business objectives aren't measurable and are open to interpretation. Financials mean the same from one business to the next.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Why do most controls overall performance tend to be financial?
Financials are used because they are measurable. Other business objectives aren't measurable and are open to interpretation. Financials mean the same from one business to the next.
Which laptops are the best?
Most Dell computers are ranked highest in overall performance,quality.
When is the award given out for the Top WikiGuide in Community Outreach?
There are two WAmmy Awards for WikiGuides each year: Most Outstanding Performance by New WikiGuide and Most Outstanding Performance Overall.
Why does most control of overall performance tend to be financial?
Performace Control is a relative term. It depends on the department or which section of the organisation we are talking about. For example, an HR dept will focus on Quality of Employee Output throughout the organisation. For them the Efficiency of each Employee is imporatant. But if u see, to have a Quality Employee, either good qualifications or excellent experience record is a must. And such people will demand a higher pay package. If the HR Dept, goes about hiring the best of the best employees, with higher and higher remunration, the COST TO COMPANY (CTC) will shoot up. Hence a Financial Control over the HR expenses, will keep a check on their expenditure aspect. For every other department in an organisation, Resources are money driven. When Inputs are controlled by Financials how can the Output (performANCE) be non financial in nature? If there is any other parameter which can replace Financial Control, in my view, it can be QUALITY. But again only big and financially strong companies can afford to look at "Quality Only" aspect, ignoring the financial side of it.
Why do most companies adhere to GAAP for their basic internal financial statements?
Accural accounting provides a uniform method to measure an organization's financial performance.
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
Factors affecting financial performance?
There are many factors are affecting our financial performance. One of the most important factor is global political issue. Global political issue effect our financial activities such as banking, business, corporate business, multinational business etc. Even it is also effecting our employment.
What classification of accounting is most concerned with the use of economic and financial information to plan and control many of the activities of the entity?
financial accounting
What landmark mean or median is the better indicator for an overall performance of grades?
This depends on your data. Most likely the median though.
What is most common type of attest engagement?
A financial statement audit is, by far, the most common type of attest engagement. The overall assertion, made by management, most frequently is that the financial statements follow generally accepted accounting principles.
What time period is covered by the financial term 1 year performance?
Whenever "1 year performance" is presented (most used by investment firms), the phrase may pertain to one of the following: * Last full year of performance (the last full fiscal year) * Most recent 12 months of performance (the rolling year)
What are financial ratios?
There are many different financial ratios used as the indicators and they are differently use based on the purpose of what areas, or risks that the appraiser concern about. Financial Ratios are the useful tool to measure that company performance financially; however, the Key Financial Performance Indicators turn to be less popular or they can not use alone to measure how success the entity is. We will talk in detail below why Financial Ratios is less popular in the Current Strategic Performance Appraisal. financial-ratios.info
