What is a performance measurement system?

a. Authorizing transactions, recording transactions, and maintaining control of related assets should be separated among different employees.

B. A companys plan to 1.) Safeguard the companys assets, and 2.) Improve the accuracy and reliability of accounting information.

c. Formal Process by which managers at all levels gain information about performance of the organization and employee tasks within the firm and judge that performance against pre-established criteria as set out in financial statements, budgets, plans, and goals.