Accounting Problems

Suggestion Only

The Balanced Scorecard designed by Kaplan and Norton.

Four perspectives:
- the financial perspective
- the customer perspective
- the internal business perspective
- the learning and growth perspective

Go to:
THE BALANCED SCORECARD

RATIOS - A PLACE FOR EVERYTHING?

Balanced Scorecard

Snapshots of all articles on balanced scorecard

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You can also mention some comparative basis for analyzing financial ratios, e.g.:

- Trend over time analysis: compare the financial ratios of a given company over
time (over 5 years, over 10 years)

- Cross-sectional analysis: to compare one company's financial performance to
the industry's average performance. (i.e. to compare different companies at
the same point in time)

- Combined analysis: a combination of both trend over time method and
cross-sectional method.

- Common size analysis: to show all items whether in the Balance Sheet or
Income Statement as percentages of a common base figure.

Go to:

http://fmaccounting.com/

- search on: All topics under the heading of financial ratio analysis or the
interpretation of financial statements in the annual report

















2009-11-17 11:53:41 補充：
- You had better glance through your syllabus requirements and include only the relevant
materials in you answer. (I do not know your Course Title)

Apart from financial ratios, you may use other non-financial information as performance indicators as well.

Examples are: employee turnover rate, number of complaints received, number of times that we are out of stock for fast selling items, number of new products developed, resource utilization.... etc. These will be reported or recorded in any financial accounting ssystem but are important in determining the performance of management as well. It suggests areas in which improvement could possibly be made in the future.

You may find a lot of examples by searching "non financial performance measures" through internet.