Step 1 of the designing accounting-based performance measures is Choose Performance Measures That Align with Top Management's Financial Goals.

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It is true that the first step in designing accounting-based performance measures is to choose measures that align with top management's financial goals. This ensures that the measures selected will be relevant to the organization's overall objectives and support decision-making towards achieving those goals.

Step 1 of the Designing Accounting-Based Performance Measures Is Choose