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The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Diana V

 

Date added:

April 12, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 376

 

Was viewed:

5498 times

 

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Essay content:

Many decisions are based on profit and risk and therefore significant in predicting future profits and getting feedback on decisions. With regular production of statements of financial performance managers are able to compare the performance against budget and identify any problems which they can deal with immediately...
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For example, David Jones was hoping its loss-making Foodchain group would break-even with its competitors (Woolworths and Coles Myer) the following year by opening six more stores around Australia. The main data in the statement of financial performance are revenues, expenses, and net profit/operating surplus or net loss/deficit of an entity for a certain time period...
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General issues of this essay:
Comparison of Financial Performance Controlling non-financial performance as a key to improved productivity Decision Making Performance Review FINANCIAL PERFORMANCE of Raymonds Financial Performance of the most successful companies in the industry Financial Performance Financial Performance Financial Performance financial performance review J Sainsbury - Financial Performance Of Last 5 Years Microsoft And Ibm Financial Performance NON FINANCIAL PERFORMANCE INDICATORS Performance appraisal as a positive part of the performance management process Competency Based Performance Management The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
 

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