Reporting Principles - In recent years companies have come under increasing pressure from influential shareholder groups to do a better job of

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Reporting Principles Performance evaluation under responsibility accounting should be based on certain reporting  principles. These principles pertain primarily to the internal reports that provide the basis for  evaluating performance. Performance reports should:  1.   Contain only dat manager of the r 2.   Provide accurate and reliable budget data to measure perform 3.   Highlight significant differences between actual results and b 4.   Be tailor-made for the intended evaluation. 5.   Be prepared at reasonable intervals.
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Unformatted text preview: In recent years companies have come under increasing pressure from influential shareholder groups to do a better job of linking executive pay to corporate performance. For example, software maker Siebel Systems unveiled a new incentive plan after lengthy discussions with the California Public Employees' Retirement System. One unique feature of the plan is that managers' targets will be publicly disclosed at the beginning of each year for investors to evaluate....
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This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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