Question

profit no real test of managerial performance. explain?​

Answer 1

• Performance management is an ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization.

Answer 2

Explanation:

The two principle statements which form a set of accounts are:-

a) The profit and toss account defined as a summary of a business's transactions for a given period.

b) The balance sheet defined as a statement of the financial position of the business at a given date (usually the end of that period).

Other less important statements are the manufacturing account and the trading account. It is absolutely essential to any marketer to understand what the profit and loss statement and balance sheet mean. Both documents are vital, not only to show the corporate health of the organisation, but also as an indication to various shareholders of how well or badly the organisation is performing, as proof to potential investors or lenders for the raising of capital and as a statutory record for taxation and other purposes