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Unlocking the Power of Non-Financial Data

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Unlocking the Power of Non-Financial Data

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Questions and Answers

Which of the following is NOT an example of non-financial data?

Financial statements (correct)

Organizational culture

Social performance

Environmental impact

Which framework reflects a business's economic, social, and environmental performance?

Kaplan & Norton's Balanced Scorecard

Elkington's Triple Bottom Line (correct)

Handbooks of Management Accounting Research

Deloitte's Non-Financial Reporting

What is the purpose of Kaplan & Norton's Balanced Scorecard?

To measure the company's financial impact on the environment

To measure business performance only through financial data

To provide a balanced overview of business performance from four different perspectives (correct)

To identify different key performance indicators for financial data only

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Description

Do you know what non-financial data is and how it can benefit companies? If not, this quiz is for you! Test your knowledge on the definition and importance of non-financial data, and discover how it can provide insights into a company's organizational culture and performance in other business functions. Don't miss the opportunity to learn about this critical aspect of data collection and analysis.