Committee on Non-Financial Measures of Effectiveness.

Abstract This article presents information on a report on accounting by the Committee on Non-Financial Measures of Effectiveness. The committee raises charge against the term "non-financial," which poses some difficulty. The Committee feels that various types of financial measures not currently reported by traditional accounting systems may be of interest in evaluating effectiveness of an organization. The members view non-traditional financial measures within the realm of consideration. Another aspect of the charge, which poses some difficulty, is the phrase suggests their applicability to accounting. There is considerable dispute as to what is and is not accounting. Any guidelines, which the Committee could develop in order to classify information, supplied to decision making as being accounting or non-accounting information would be extremely arbitrary. They will, therefore, discuss various types of information, which conceivably might be related to accounting functions, keeping in mind that accountants might perform routine data gathering, attesting, and reporting of measures whose design and specification are obtained from experts in other disciplines.