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Why measuring performance is important in business operation

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Reference no: EM131018880

Questions!!

Each answer needs to be 150+ words!!! And also needs to be citied.

Question 1

Search the Library on the following topics: Chart of Accounts, General Ledger, and Accounting System. Notice how much detail can be included in various financial statements. What accounting data is required for you to write your CLC (collaborative learning community) Business Plan? How can you present just enough information for your reader to get a clear understanding of the financial concerns of your proposal?

Question 2

Search the Library on the following topic: Strategic Planning. Many strategic plans contain financial data. Discuss how you might include this type of financial data in your CLC Business Plan.

Question 3

Explain why measuring performance is important in business operations. Choose a business performance measurement tool that does not relate to your CLC and explain why.

Question 4

Consider the following hypothetical situation: You are a human resources manager in a medium-sized hospital. You are writing the job description for an operations manager who will manage finances, evaluate financial performance, and develop financial plans. What skills does a suitable candidate need?

Reference no: EM131018880

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