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What Is Benchmarking and How Do the Two Types Differ

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What is benchmarking and how do the two types differ?


Definitions:

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, financial activities, and investment activities.

Balance Sheet

A financial statement that represents a company's assets, liabilities, and shareholders' equity at a specific point in time.

Specific Date

A distinct, precisely identified day on the calendar specified for a particular event or deadline.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period.

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