This may be a target internally determined by a business or an industry benchmark gained by the collection of data from a number of similar firms.

What happen when organisation benchmark wrongfully

Benchmarks how to deliver it

Accounting -> Benchmarks Benchmarks This may be a target internally determined by a business or an industry benchmark gained by the collection of data from a number of similar firms. Benchmarks are also known as yardsticks. They may be based on comparisons and so may include comparisons with: previous reports budgeted reports industry averages reports of similar firms opportunity cost - the value of the next best alternative

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What are some benchmarks of accounting information?

What are some benchmarks of accounting information?

This may be a target internally determined by a business or an industry benchmark gained by the collection of data from a number of similar firms.

Benchmark is a yardstick which measure the required targets, when not reached it leads to re valuation to find the courses.

Benchmarks are internally set targets that have some aspect of going concern which must be reached all the time by the said company.This could be done through comparisons with previouse reports,budgeted reports etc.if not met ,then what next? is a question to the company.