Critical Evaluation of Balanced Scorecard and Performance Measurement Tools
Task
1. (a) Critically evaluate the proposition that “Balanced Score Card helps multinational service sector business organisations that are in distress due to pandemic to return to profit ”.
(b) Critically evaluate the proposition that “When used as performance measurement tools, both (ROI) Return on Investment and (RI) Residual Income promote goal congruence between division and head office and also provide a mutually consistent performance ranking of divisions”.
Where feasible, support your arguments with numerical examples and observations from business world.
2. (a) Critically evaluate the propositions that “Price over short term must cover relevant cost. Price over financial year must cover full cost (direct cost plus share of indirect cost)”.
Where feasible, support your arguments with practical observations and / or numerical examples.
(b) Critically evaluate the proposition that “Lifecycle costing is a better alternative to target costing”.
Where feasible, support your arguments with practical observations and / or numerical examples.
Knowledge
1. A Critical understanding of a range of key strategic management accounting models and concepts.
2. A Critical understanding of the strategic role of management accounting at local and international level
3. A Critical understanding of the merits and limitations of management accounting theory.
Skills
4. How to apply the key management accounting concepts and methodologies in order to contribute to successful decision making in an organization.
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