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Some recent management accounting research papers have raised concerns about the sole use of financial measures for performance measurement and evaluation and have recommended the use of both financial and non-financial measures for enhancing organisational performance. In light of recent research findings describe and describe the importance of non-financial performance measures in modern organisations and critically evaluate the Balanced Scorecard as a strategic tool for measuring and evaluating business performance.

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Accounting Basics, Accounting

Category:- Accounting Basics
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