Your team has been asked to present a proposal to management for developing a cost ac-counting system for the new online business unit of a merchandising company. Your final system must contain features designed to support the ability of both the new online business unit and the parent unit to measure the performance of the new business. When the project is implemented, your team will help develop the organizational strategy and manage the accounting control/cost systems needed for success.
Evaluate financial and nonfinancial performance measures and recommend measures for the new online business unit.© BrainMass Inc. brainmass.com June 3, 2020, 8:33 pm ad1c9bdddf
Evaluate financial and non financial performance measures and recommend measures for the new online business unit.
Financial performance measures:
1. The total revenues of the online business;
2. The profits earned from the online business:
3. The profitability of the online business;
4. The growth of online business;
Of these financial measures, the total revenues and growth of revenues can be deceptive; in a sense that the revenues may not be profitable. Even ...
This posting discusses the cost accounting system for new online business unit.. . It also explains the features designed to evaluate the performance of the new business.