What type of accounting tool combines financial and nonfinancial measures for managerial reporting?
A) Responsibility report
B) Corporate scorecard
C) Balanced scorecard
D) Cost report

Question

Quizplus · Accepted Answer

The Balanced Scorecard is an accounting tool that combines both financial and nonfinancial measures in a single report, providing a more comprehensive view of an organization's performance.

What Type of Accounting Tool Combines Financial and Nonfinancial Measures