+1-415-670-9189
info@expertsmind.com
Develop a bsc for anthonys orchard
Course:- Financial Accounting
Reference No.:- EM13771514




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Financial Accounting

Question: Developing a Balanced Scorecard

You will now develop a BSC for Anthony's Orchard. The company has a number of strategic goals; measuring performance towards those goals will be critical to its sustained success.

To prepare for this Individual Assignment:

Visit the Anthony's Orchard case study in the unit resources. Review again the current and historical financials. Consider that one of the company's key goals in its strategic plan is to exceed revenue of $25 million dollars by the year 2015.

To complete this Individual Assignment:

Explain the potential value of a BSC to Anthony's Orchard. Describe specific ways that the introduction of a BSC can contribute to this organisation.

Develop a BSC that is aligned to the key goal in the strategic plan, i.e. exceeding revenue of $25 million dollars by 2015. Develop, quantify and justify suitable key performance measurement criteria for Anthony's Orchard in each of these four key areas:

Financial

Customer

Internal Business Processes

Learning and Growth

Notes:

You should fully state and justify any assumptions that you make in relation to the financial measurements you use. You should also make suitable use of appendices to include relevant financial performance measurement information you include. Be sure to include all references as well.

Answered:-

Verified Expert


Preview Container content

The Balanced Scorecard identifies internal as well as external factors which would help an organization maintain a sustainable growth rate. The Balanced Scorecard measure of an entity would always strive to provide the concerned management about the widest and comprehensive measurement of the way the business is done.

And thus it serves as a tool to improve the concerned operations. The BSC methodology uses both financial and non-financial measures to understand the business processes and thus helps to strategies further in the achievement of goals. But as believed by a few it’s not a replacement strategy for financial records(DeBusk, 2006).

No it is not true. Balanced scorecard would never replace the actual financial statements. And it is not exactly theoretical either.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Financial Accounting) Materials
how much interest will you earn during the 7 years Round the answer to the nearest cent If you put $7,000 at the end of each year into a savings account that pays interest a
Compute the cost of capital for the project. Explain why it is not necessary to subtract the interest payments and the dividend payments and appreciation from the inflow of
A plan must be tested to determine its likely effectiveness. Do an Internet search on "disaster recovery" and share your findings. Look for something fascinating and unique on
Groups are to research one specific issue of their choice relating to accounting related ethics and social accountability that is prominent in today's Australian business en
Bank employees use a system known as the “maker-checker” system. An employee will record an entry in the appropriate journal, and then a supervisor will verify and approve the
Indigo Co. sells $390,000 of 12% bonds on June 1, 2017. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2021. The bonds yield 10%. On Oct
Post an explanation of the tools that you believe would help you to reach a decision -  Are there other, non-financial factors that may play a role in your decision? Addition
Calculate the net capital gain (loss) for 2012. How is this reported on the 2012 Form 1120? - Calculate the amount of capital loss carryback (if any) to tax years 2008 through