interfirm comparison

the comparison of one firm's accounting results with those of other firms in the same or similar industries. Such comparisons require the summarization of PROFIT-AND-LOSS ACCOUNT and BALANCE SHEET data in the form of ACCOUNTING RATIOS so that comparisons can be made between firms. Some industry trade associations and commercial organizations, such as the Centre for Interfirm Comparisons, operate industry-wide interfirm comparison schemes, whereby firms submit their accounting results on a confidential basis and receive in return information about their major competitors, these competitors being anonymously labelled company A, company B, etc. Alternatively a firm may use the published ANNUAL REPORT AND ACCOUNTS of competitors for comparison.

Interfirm comparisons allow a company's managers to gauge their comparative performance and are a useful adjunct to historical comparisons which merely look at the company's own performance over time. See BENCHMARKING.

单词	interfirm comparison
释义	interfirm comparison interfirm comparison the comparison of one firm's accounting results with those of other firms in the same or similar industries. Such comparisons require the summarization of PROFIT-AND-LOSS ACCOUNT and BALANCE SHEET data in the form of ACCOUNTING RATIOS so that comparisons can be made between firms. Some industry trade associations and commercial organizations, such as the Centre for Interfirm Comparisons, operate industry-wide interfirm comparison schemes, whereby firms submit their accounting results on a confidential basis and receive in return information about their major competitors, these competitors being anonymously labelled company A, company B, etc. Alternatively a firm may use the published ANNUAL REPORT AND ACCOUNTS of competitors for comparison. Interfirm comparisons allow a company's managers to gauge their comparative performance and are a useful adjunct to historical comparisons which merely look at the company's own performance over time. See BENCHMARKING.
随便看	human factors development plan human factors division human factors engineering human-factors engineering human factors engineering analysis human factors engineering and ergonomics human factors engineering assessment human-factors engineering data guide for evaluation human factors engineering systems development human factors engineering testing human factors for accident investigators human factors group human factors in electronics human factors information system human factors in information design human factors in information technology human factors in safety management systems task force human factors integration defence technology centre human factors integration division human factors integration plan human factors in telecommunications human factors interest group human factors interface human factors international human factors life cycle