Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and
services have been received.Which accounting concept governs the above?
What are the problems of only using financial performance indicators for measuring the performance of a company?
What is the difference between internal and functional benchmarking?
Describe the three elements of VFM
Explain two factors that should be considered when designing divisional performance measures.
Briefly discuss the strengths and weaknesses of ROI and Rl as methods of assessing the performance of divisions.