The financial performance analysis which is undertaken by the outsiders of the business, namely investors, credit agencies, government agencies, and other creditors who have no access to the internal records of the company, is called:

Syllabus For Strategic Performance Management (50% Weightage):
1. Conceptual Framework of Performance Management
2. Performance Evaluation & Improvement Tools
3. Economic Efficiency of the firm - Impact analysis on Performance
4. Enterprise Risk Management