The Ultimate Performance Measure Is Expressed in Financial Terms; However

question 74

Multiple Choice

The ultimate performance measure is expressed in financial terms; however, it is often difficult to relate non-financial measures to financial outcomes. Which of the following may be reasons for apparent success in improving non-financial measures not translating into financial improvement?

• A) Failure to utilise freed-up resources
• B) Identifying incorrect critical success factors
• C) Incorrect design of performance measures
• D) All of the given answers

Understand the concept and importance of internal control procedures over cash and other assets.

Comprehend the role and elements of a voucher system in internal control.

Grasp the objectives and significant components of internal control systems.

Acknowledge the impact and requirements of the Sarbanes-Oxley Act on internal controls and financial reporting.