ACCY 130 Lecture Notes - Acca Sellowiana, Opportunity Cost, Kiwifruit
4 Jul 2013
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Document Summary
Behavioral implications: as measurements are made on operations, individuals and groups behaviour changes. People react when they are being measured, and they react to the measurements. Management accounting balanced scorecard: reading = atkinson, a. a. , kaplan r. s. , matsumura, e. m. & young s. m. (2 012), Chapter 2: the balance scorecard and strategy map , management accounting: Information for decision-making and strategy execution (sixth edition) pearson, Linking short term actions and long term strategy. Shortcomings of financial reporting/accounting: past info, excludes intangible assets" that help driver profit, one dimension of business activity. The balanced scorecard (bsc) provides a system for measuring and managing all aspects of a company"s performance. The scorecard balances traditional financial measures of success, such as profits and return on capital, with nonfinancial measures of the drivers of future financial performance. The role for the bsc is to provide needed specificity that makes vision, mission, and strategy statements meaningful and actionable for employees.
