Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Balance scorecard should be used to assess the performance measurement. It is being considered as the strategic tool for performance measurement. The various methods are designed and automated tools are used by the managers in order to keep the track of activities taken up by the executives and thus various actions are taken up by the managers in order to monitor the consequences. The balance scorecard provides various information on the vision and mission of the company. Thus the vision and mission of the company will be considered for the preparation of the balance scorecard. It helps in providing the links between human and physical resources, the outcomes and the focus on the strategic priorities of the organization. For designing the balance scorecard, various financial and non-financial measures are identified and various targets are attached to the various measures and the performance is measured so as to know that whether the performance is in accordance with the set expectations. The main idea behind designing the expectations is that mangers are given information in regard to the various deviations that are there in the various areas and they are encouraged to improve their performance. Balance scorecard helps in creating a relationship between conventional strategic planning and the various control activities.
The various perspectives of the organization are being considered while designing the balance scorecard:
1. Financial perspective
2. Customer perspective
3. Internal business process perspective
4. Learning and growth
The balance score card of the current period provides information in regard to both the past and future events. The diagram provides the information in regard to designing the innovated balance scorecard.
Thus, the balance scorecard dictated management software. But it need to be developed and implemented in strategic manner and thus need to work as a performance measurement tool. Thus the senior managers need to give their advices in relation to designing and implementing the scorecard. The scorecard need to reviewed in respect of the organizational goals, and thus providing for the strategic actions which need to be achieved in order to achieve the objectives of the organization.
Hence, the Balance Scorecard can help the Schmall and his team to move from performance measurement to performance management.
Purpose a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period.
Discuss the benefit buyouts. GM is doing it and some other company may follow. What do you think of the buyouts? If you were a GM employee, would you accept the buyout? Why or why not?
The company declares a total dividend of $ 200,000. If the dividends on preferred stock are one year in arrears ( in addition to the current year), how will total dividend be divided between the common and preferred stock?
advanced thermal ltd is proposing the construction of a new plant in thailand. it has recently completed a 100000
identification of key qualitative factors.relevant costs special sales order-idle versus full capacity hull motors inc.
Without the buildings and improvements, the tract of land is valued at $1,890,000. Solaris also incurs the following additional costs: Allocate the costs incurred by Solaris to the appropriate columns and total each column.
questionshine bright company has three product lines d e amp f. the subsequent information is available d sales revenue
Purpose the journal entries needed in the Capital Projects Fund to account for the above transactions. Manage closing entries.
According to the Albrecht text, tips and complaints are not evidence of fraud. Instead, the claim is made that they are symptoms of fraud. Why is this so? Why might it not be true? What is your opinion?
choosing the method of depreciation with 30 tax rate straight line or double declining depreciation.the capital company
How much of M&S's 2010 total provision for income taxes was current tax expense, and how much was deferred tax expense?
Particular technique of accounting for product and describe why you consider it to be better than the alternatives.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd