Asked by Jared Jacobson on Apr 25, 2024
Performance measurement systems are used to assess how well a company is performing relative to the goals FASB sets for the company.
Performance Measurement Systems
Systems used by the management of a company to assess how well employees or units within a company meet the company’s goals and objectives.
FASB
The Financial Accounting Standards Board, an organization responsible for establishing and improving financial accounting and reporting standards in the U.S.
- Comprehend the use of performance measurement systems in assessing company performance according to its goals and objectives.
Learning Objectives
- Comprehend the use of performance measurement systems in assessing company performance according to its goals and objectives.
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