nonfinancial performance measures
- nonfinancial performance measures
Fin
measures of performance based on nonfinancial information which may originate in and be used by operating departments to monitor and control their activities without any accounting input.
Nonfinancial performance measures may give a more timely indication of the levels of performance achieved than financial ratios, and they may be less susceptible to distortion by factors such as uncontrollable variations in the effect of market forces on operations.
Examples of non-financial performance measures:
The values expected may vary significantly between different industries and sectors.
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The values expected may vary significantly between different industries and sectors.