Backward-looking performance measures include:
A)Cash Flows estimation
B)Previous years' accounting information
C)Accounting data from other firms
D)Regulations and rules regarding accounting in the firm's home country

Question

Quizplus · Accepted Answer

Backward-looking performance measures involve looking at past data, and in this case, the choice that best fits is previous years' accounting information. The other options, such as cash flow estimation, accounting data from other firms, and regulations and rules regarding accounting in the firm's home country, may also be used in performance measurement, but they are not necessarily backward-looking measures.

Backward-Looking Performance Measures Include