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Homework answers / question archive / Financial performance measures are used to monitor the inflows (revenue) and outflows (costs) and the overall management of money in the business

Financial performance measures are used to monitor the inflows (revenue) and outflows (costs) and the overall management of money in the business

Accounting

Financial performance measures are used to monitor the inflows (revenue) and outflows (costs) and the overall management of money in the business. These measures focus on information available from the Statement of profit or loss and Statement of financial position of a business.

Required: Explain any FOUR (4) types of financial performance measurement systems and provide examples of each types of financial performance measurements.

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