Capital Outlay vs. Vehicle Maintenance in Accounting

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Capital outlay and vehicle maintenance are two very important aspects of your accounting practices that you're going to want to know about. Learn about capital outlay versus vehicle maintenance in accounting with help from a longtime and experienced accountant in this free video clip.

Part of the Video Series: Understanding Finance & Accounting
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Video Transcript

Hi, I'm Lori Greer from Atlanta, Georgia, and I'm here to discuss definition of operational indicators in financial accounting. The purpose of key performance indicators is to provide to decision makers in the organization measurable indicators for measuring or judging the organizational performance and for measuring the achievements of organization objectives. KPIs are the tool for internal business analysis and for controlling the strategy outcome. KPIs are critically important for a host of hospitality decision-making situations and they can help hospitality mangers in their efforts to ensure efficient and effective management of resources and to achieve the main objective of any organization which is the maximization of the profit. Nevertheless, the KPIs is their uniform for organizations, assure the managers a tool for benchmarking with other organizations in order to improve their own performance. I'm Lori Greer from Atlanta, Georgia, and that's the definition of operational indicators in financial accounting.


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