Measures of performance: financial and non financial Flashcards
Difference between financial and non-financial measures of business performance
Identify financial measures of business performance including financial accounts, ratio analysis, gearing, cash flow, budgets and variance analysis
Importance to a business of using financial and non-financial measures of business performance
How to calculate financial measures of business performance
Interpret financial measures of business performance
Difference between cash flow and profit
Difference between measures of liquidity, profitability and efficiency
Explain why a business’s published accounts do not provide a complete picture of performance
Why businesses measure performance
Advantages and Disadvantages to a business of measuring a performance.
Importance of different types of performance measures to different stakeholders
Performance of a business from the POV of difference stakeholders
