APM Performance reporting

A report that shows only the items that differ from the plan by more than a set amount is an example of:

• 1 A dashboard
• 2 A budget
• 3 A balanced scorecard
• 4 Exception reporting

A leading indicator is one that:

• 1 Compares to a budget
• 2 Reports last year's profit
• 3 Measures cost only
• 4 Gives early warning of future performance

Which feature makes a management report MOST useful?

• 1 It includes only financial data
• 2 It is sent to all staff
• 3 It is relevant to the decision, timely and understandable
• 4 It is as long as possible

A manager is evaluated on a cost that is allocated from head office and cannot be influenced. The main problem with this is:

• 1 The report is too frequent
• 2 The cost is too small
• 3 The cost is a fixed cost
• 4 The measure is not controllable by the manager

Integrated reporting is mainly intended to:

• 1 Reduce audit fees
• 2 Report only on taxation
• 3 Replace the financial statements
• 4 Show how strategy, governance and performance create value over time

A dashboard is most appropriate for:

• 1 Recording every transaction
• 2 Providing the audit trail
• 3 Setting budgets
• 4 Giving a visual summary of key performance indicators for quick monitoring

Information overload in a performance report is best addressed by:

• 1 Adding more measures
• 2 Selecting a few key measures linked to objectives
• 3 Reporting less often than needed
• 4 Removing targets