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Areas covered by non-financial measures

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Aside to the financial measures, Managers use non-financial measures to measure performance. As Atrill and McLaney claim "Non-financial measures can help managers to cope with an uncertain environment..."

Why?
What are the areas covered by non-financial measures?

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Aside to the financial measures, Managers use non-financial measures to measure performance. As Atrill and McLaney claim "Non-financial measures can help managers to cope with an uncertain environment..."

Why?
Non financial measures will help managers in controlling, evaluating the management action more effectively. Non financial measures help in knowing the causes ...

Solution Summary

Solution discusses the areas covered by non-financial measures

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Use tools and procedures common to financial statement analysis (Better Yet Company)

Can you help me get started with this assignment?

The financial team has been properly selected and charged to proceed with their analysis of Better Yet's financial statements. In the course of their evaluation, they will be assessing the firm's operating performance, benchmarking their competitors, and looking at the industry using financial ratios as their source of measurement. However, the CEO of CoNet agrees with numerous practitioners who promote the use of nonfinancial measures as well as financial measurements to evaluate the performance of a given firm. Nevertheless, Mark agrees that nonfinancial measurements can be valuable, and he tends to support the premise that when evaluating operating performance, benchmarking competitors, and comparing industry results, nonfinancial measurements have little measurable value.

To address this potential dilemma, you have been asked to present a position paper comparing the effectiveness and reliability of using financial measures as opposed to nonfinancial measures.

4 - 5 paragraphs - original - apa references

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