Is financialinformation good tool for performance evaluation

Assignment Help Financial Accounting
Reference no: EM131337583

Module- Discussion

Actions for 'Performance Evaluations'

Both financial information and non-financial information are used to measure performance for product lines, divisions, and individuals associated with the business. Reflect on using financial information to evaluate performance for a business segment and a manager in charge of a business segment.

Questions

Accounting was developed to record and summarize transactions and for control purposes. How is accounting used today, other than for its original intent? Is financial information a good tool for performance evaluations (individual and organizational)? If so, do you advocate a specific format? If not, what do you suggest?

Please provide factual information (not merely opinions) backed up by details or examples. Your comments should be in your own words and Include references in APA format.

Reference no: EM131337583

Questions Cloud

Examining security arrangements for payroll area : George is the new manager of the payroll area. He is tasked with examining the security arrangements for the payroll area to ensure they are sufficient. What areas should he focus on to start his examination? Discuss in 100 to 120 words.
Describe the difference between common fears and a phobia : Based on Joe's explanation of his fears, do they meet the criteria for a phobia? Explain your rationale for your decision based on the diagnostic criteria for phobias. Describe the difference between common fears and a phobia
Identify a specific characteristic of american culture : Identify a specific characteristic of American culture that originated in each of the four major periods of Western Civilization under study in this class - characteristic and explain its significance in the development of Western culture.
Main wrong moves made by hampton creek : What do you see as the main wrong moves made by Hampton Creek? Which of the wrong moves were honest mistakes and which were the result of culpable negligence or deliberate malice? Explain.
Is financialinformation good tool for performance evaluation : Acc504- How is accounting used today, other than for its original intent? Is financial information a good tool for performance evaluations (individual and organizational)?
Derive an expression for the convection heat transfer : Derive an expression for the convection heat transfer coefficient as a function of the sensor surface temperature Ts for the range 20 D
What is the objective value of the ionic breeze : Ionic breeze is a device that collects dirt and particles from the air, but you know that it leaves a lot behind. A room gets a little cleaner, but the device will generally not make it pristine. (1) What is the objective value of the Ionic Breeze..
Draw a mental picture of the theoretical levels : Draw a mental picture of the theoretical and observational levels of the study. Is the study helpful to me at the theoretical/conceptual level? After mentally drawing a picture, are there any possible confounds and sources of error? Specifically, ..
How does the private sector assist in fighting terrorism : How does the private sector assist in fighting terrorism, if at all? How do you feel the private sector could be more involved?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial management and accounting processes

Financial management and accounting processes

  What are the main elements of the disclosure statement

What are the main elements of the disclosure statement. What information of the disclosure statement would interest the creditors and why? What information of the disclosure statement would interest the investors and why?

  Required by the restructuring of the debt

At January 1, 2015, Bassugg Company owed Beaski Bank $6,000,000 under a 10% note due December 31, 2016. Interest was paid last on December 31, 2013. Bassugg was experiencing severe financial difficulties and asked Beaski Bank to modify the terms of t..

  Every single change in estimates is material

Could you please research and explain if every single change in Estimates is material? Would you provide an explanation to those changes with examples? Be specific in providing your explanation.

  Partnership and the goodwill method

P, L, and O are partners with capital balances of $50,000, $30,000 and $20,000 and who share in the profit and loss of the PLO partnership 30%, 20%, and 50%, respectively, when they agree to admit C for a 20% interest. If C contributes $40,000 to the..

  Single plant-wide factory overhead rate

There are three overhead allocation methods. 1) single plant-wide factory overhead rate; 2) multiple production department overhead rates; 3) activity-based costing. How do you know when to use which overhead allocation method? Why wouldn't I just us..

  What is the breakeven point in sales dollars

Flip had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,400, variable factory overhead $1,000, and fixed factory overhead $500. The company did not maintain any inventories, so tota..

  Prepare the journal entries assuming commercial substance

Truck Company trades its used delivery trucks for new models at Greenwich GMC. The used trucks have a book value of $60,000 (original cost $140,000 less $80,000 accumulated depreciation). The new trucks have MSRP of $80,000. Prepare the journal entri..

  What is the balance in the lease liability account

The selling price of the equipment is $325,000, and the rate implicit in the lease is 8%, which is known to Silver Point Co. What is the book value of the leased asset at December 31, 2011, and what is the balance in the Lease Liability account?

  What is her basis for the house

In 2001, Ellen purchased a house for $60,000 to use as her personal residence. She paid $12,000 and borrowed $48,000 from the local savings and loan company. In 2005, she paid $15,000 to add a room to the house. In 2007, she paid $625 to have the hou..

  Determine the cost of goods sold for the period

2. Determine the cost of goods sold for the period.

  Breakeven analysis adjusted for targeted profit

Breakeven analysis adjusted for a targeted profit

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd