A comprehensive guide on accounting ratios, their historical context, types, importance, examples, and much more.
Adjusted earnings are a financial metric that presents a company's earnings by excluding certain expenses, gains, and losses. This measure aims to provide a clearer picture of the company's core operational performance.
An approach to accounting that considers psychological and social aspects in addition to technical facets, focusing on areas such as budgetary control and performance measurement.
A standard against which the performance of a security, mutual fund, or investment manager can be measured.
Benchmark indices are used as a standard to measure the performance of other financial instruments or markets, including well-known examples like the S&P 500, Dow Jones Industrial Average (DJIA), and Nasdaq Composite.
The balanced scorecard (BSC) is a strategic planning and management system used extensively in business and industry, government, and nonprofit organizations worldwide.
A comprehensive exploration of competitive benchmarking, including historical context, types, key events, detailed explanations, models, charts, applicability, and more.
A predetermined level of cost expected to be incurred by a cost item used in the supply, production, or operation of a service, product, process, or cost centre.
Criterion-Referenced Tests are designed to measure a student's performance against a fixed set of predetermined criteria or learning standards.
Favorable variance in standard costing and budgetary control represents any difference between actual and budgeted performance where this creates an addition to the budgeted profit, such as when actual sales revenue exceeds the budgeted amount or actual costs are lower than budgeted costs.
Understanding the financial perspective as an essential component of the balanced scorecard, including its historical context, applications, key events, examples, and importance in strategic management.
Funds From Operations (FFO) is a key financial metric used to evaluate the performance of Real Estate Investment Trusts (REITs) by measuring the cash generated from their operations.
A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company or organization is achieving key business objectives. It serves as a performance measurement tool to monitor and drive organizational success.
Key Performance Indicators (KPIs) are specific measures of the performance of an individual, team, or department in defined key performance areas (KPAs).
An in-depth article on Key Performance Indicators (KPIs), covering their definition, types, importance, applications, and examples.
An in-depth exploration of Labor Efficiency Variance, its calculation, importance, implications in business, and related concepts in management and accounting.
The Learning and Growth Perspective within the Balanced Scorecard focuses on improving internal skills and capabilities to foster long-term organizational success.
The techniques used to collect, process, and present financial and quantitative data within an organization to help effective performance measurement, cost control, planning, pricing, and decision making to take place.
MTD covers the aggregation of transactions from the beginning of the current month to the latest available period within that month, providing insights into current monthly performance.
An in-depth look at Non-GAAP Measures, which are financial metrics that do not conform to Generally Accepted Accounting Principles, including their historical context, types, key events, detailed explanations, and importance in finance and accounting.
Operational Variance is a critical metric in standard costing, assessing the difference between current operational standards and actual performance.
Performance budgeting emphasizes outcomes and results, measuring performance indicators to ensure effective resource allocation.
An in-depth look at planning variance, its types, causes, and implications for financial management.
An in-depth exploration of the Rate of Return, its historical context, types, key events, detailed explanations, mathematical formulas, charts, applicability, examples, considerations, and related terms.
Residual income is the net income that a subsidiary or division generates after being charged a percentage return for the book value of the net assets under its control. This method, similar to Economic Value Added (EVA), helps organizations maximize profits while ensuring effective asset utilization.
A responsibility centre is a section or area within an organization where costs or income can be assigned to the responsibility of a particular manager. These centres can vary in size and function, ranging from small departments to large divisions.
An in-depth analysis of Revision Variance in standard costing, including historical context, key concepts, mathematical formulas, examples, and more.
A measure of production (not time) representing the work achievable within an hour under normal conditions. Used for calculating efficiency ratios and variances.
Uncontrollable costs refer to items of expenditure that are not able to be controlled or influenced by a specific level of management. These costs might be controlled at higher management levels, and correctly identifying them is crucial for accurate performance measurement.
YTD (Year-to-Date) refers to the period starting from the beginning of the current year to the present date. It is a common measure used in various fields like finance, accounting, and business to assess performance.
A detailed overview of Performance Fee, also known as Incentive Fee, including its definition, types, examples, historical context, and related terms.
A comprehensive overview of workload, its quantitative and qualitative dimensions, measurement methods, implications, and relevant concepts.
A comprehensive guide to understanding and calculating the annualized total return, including its formula, types, examples, and relevance in finance and investments.
A comprehensive guide to attribution analysis, detailing its definition, methodology, and application in evaluating fund manager performance in terms of investment style, stock selection, and market timing.
Explore the definition, significance, and applications of the baseline in financial statement analysis. Understand how baselines serve as reference points for measuring business performance and setting financial goals.
Learn what benchmarks are, their various types, and their critical role in evaluating the performance of securities, mutual funds, and investment managers. Understand how to effectively use benchmarks in your investment strategy.
Explore the concept of efficiency in economics, learn how to measure it with the efficiency formula, and understand its applications across various fields.
A comprehensive exploration of gap analysis, the process used by organizations to evaluate differences between current performance and desired outcomes.
A comprehensive guide to understanding the Information Ratio (IR), its formula, benefits, how it differs from the Sharpe Ratio, and its application in portfolio management.
A comprehensive guide to Key Performance Indicators (KPIs), covering their definition, various types, and practical examples to measure company performance against targets and industry standards.
The Modified Dietz Method offers a reliable means of calculating an investor's rate of return by excluding external factors that can skew performance measurements.
A comprehensive guide to understanding Shareholder Value Added (SVA), covering its definition, uses, and formula for measuring a company's performance in generating profits over its cost of capital.
