This paperwork of ACC 497 Week 2 Discussion Questions and Summary shows the solutions to the following problems:
DQ 1: What are some nonfinancial performance measures? What do they tell us about the performance of an organization? Why is it important for managers to include nonfinancial performance standards in their analysis of their operations?DQ 2: What are some business decisions that managers could make? What tools will they use to make recommendations regarding these business decisions? Why? How will they measure the success of their recommendations?DQ 3: What are at least two International Accounting Standards (IASs)? Are these standards the same as U.S. standards? Why or why not?Summary: What was the most important concept you learned this week? What did you learn this week that you can apply at work?