Evaluate the extent to which the balanced scorecard, Financial Management

Evaluate the extent to which the Balanced Scorecard:

The Balanced Scorecard has been described as an effective measurement system which enables managers of an organisation to determine if the activities occurring within a facility are, in fact, supporting the achievement of objectives, and whether these objectives move the organisation closer to the stated vision

Required:

(a) Briefly describe the framework and potential content of the Balanced Scorecard as promoted by Kaplan and Norton.

(b) Evaluate the extent to which the Balanced Scorecard is:

(i) An improvement upon exclusive reliance on financial measures

(ii) Suited to the 'information age'

(iii) A contribution to strategic management accounting

Posted Date: 2/14/2013 6:13:42 AM | Location : United States







Related Discussions:- Evaluate the extent to which the balanced scorecard, Assignment Help, Ask Question on Evaluate the extent to which the balanced scorecard, Get Answer, Expert's Help, Evaluate the extent to which the balanced scorecard Discussions

Write discussion on Evaluate the extent to which the balanced scorecard
Your posts are moderated
Related Questions
Best practice or functional benchmarking Compare an internal function to 'the best' however not necessarily an organisation in same industry for example compare administrati

Quarterly Earnings Studies The Quarterly Earnings Studies are a part of time-series analysis. These studies aim at predicting future returns for a stock based on publicly avail

In two of the four months of the cash budget Thorne Co has a cash shortage with the highest cash deficit being the opening balance of $40000. This cash shortage which has occurred

Q. Objectives of working capital management? The objectives of working capital management are habitually stated to be profitability and liquidity. These objectives are habitual

Laspeyres Method Laspeyres method uses the quantities consumed during the base period in computing the index number. This method is also the most commonly used method which inc

Q. Explain Dividend Policy Decision? Dividend Policy Decision: - The financial management has to make a decision as which portion of the profits is to be distributed as dividen

Question 1 There are several elements which you can take into consideration, while budgeting a project. Describe these elements Question 2 Explain the different methods/source

Alger Corp wants to buy some construction equipment for $50,000, which has a useful life of 4 years with no salvage value. Alger uses straight-line depreciation. Alger has a tax ra

When a set of predetermined liabilities are given, the investor must construct a non-callable bond portfolio of homogeneous ratings by considering certain characteris

Stream of Expected Returns Investment returns can take many forms. An investor must consider all these forms to evaluate an investment option accurately. A brief description of