Final answer:
The subject that measures and reports financial and nonfinancial information relating to costs in an organization is Managerial Accounting.
Step-by-step explanation:
Financial and Nonfinancial Measures in Organizations
In the field of business, the subject that measures and reports financial and nonfinancial information relating to the costs of acquiring or utilizing resources in an organization is called Managerial Accounting. Managerial accountants play a crucial role in helping businesses make informed decisions by providing relevant financial data, such as costs, budgets, and performance metrics.
These measures can include financial ratios, budget variances, and cost allocations. For example, managerial accountants might calculate the cost of acquiring raw materials, labor, or equipment and determine the cost per unit produced. In addition to financial information, nonfinancial measures like customer satisfaction scores and employee productivity can also be considered to gauge performance and make strategic decisions.