Which of the following statements is true? Select one: 1.Non-financial measures may reflect drivers of future financial performance. 2.Non-financial measures are not consistent with contemporary management accounting. 3.Non-financial measures are more difficult to action. 4.Non-financial measures are more difficult to understand.

Which of the following statements is true? Select one: 1.Non-financial measures may reflect drivers of future financial performance. 2.Non-financial measures are not consistent with contemporary management accounting. 3.Non-financial measures are more difficult to action. 4.Non-financial measures are more difficult to understand.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following statements is true?

Select one:

1.Non-financial measures may reflect drivers of future financial performance.

2.Non-financial measures are not consistent with contemporary management accounting.

3.Non-financial measures are more difficult to action.

4.Non-financial measures are more difficult to understand.

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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