Get Instant Help From 5000+ Experts For
question

Writing: Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing:Proofread your work by experts and improve grade at Lowest cost

And Improve Your Grades
myassignmenthelp.com
loader
Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Attach file

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!
Free Quote
wave
Essay: Evolving Management Accounting with Balanced Scorecard Insights
Answered

Demonstrate knowledge of recent developments in management accounting and its relevance and implications for control and decision making requirements.

1) Demonstrate knowledge of recent developments in management accounting and its relevance and implications for control and decision making requirements.
2) Demonstrate a critical awareness of the development of management accounting control systems, using key numerical interpretation skills in areas of change.
3) Diagnose, evaluate and formulate appropriate solutions to problems, using problem solving skills around critical areas such as multiple constraints and how these can be resolved through linear programming and shadow pricing solutions

Recent developments in management reporting have sought to broaden the information presented, extending such reports beyond their traditional accounting focus.

Required:

Critically evaluate the use of the Balanced Scorecard as part of modern business management accounting techniques. You should use examples wherever possible to support your work.

Secondary Research Level HE6 - It is expected that the Reference List will contain between five to fifteen sources. As a MINIMUM the Reference List should include three referenced academic journals and four academic books.   

First class: 

Students will evaluate with expertise the effectiveness of the balanced scorecard.  They will show a wide ranging understanding of how it can best be compiled and employed, together with its shortcomings. Students will draw upon a range of highly relevant examples to underpin their conclusions. Extensive research demonstrating use of a wide range of current secondary research sources will be evident. Academic style and referencing will be excellent.  

Second class:

Students will evaluate competently the effectiveness of the Balanced Scorecard, and show a sound understanding of how it can best be compiled and employed, together with its shortcomings.  Students will draw on a number of valid examples to underpin their conclusions. Research demonstrating use of a wide range of current secondary research sources will be evident. Academic style and referencing will be good.  

Third class:

Students will evaluate satisfactorily the effectiveness of the balanced scorecard.  They will show some understanding of how it can best be compiled and employed, together with an appreciation of its shortcomings. Students will draw on a number of examples to underpin their conclusions. Research demonstrating use of a range of current secondary research sources will be evident. Academic style and referencing will be fair, with the report being produced to a satisfactory standard.  

Marks are awarded for structure and referencing of the essay as well as for the extent of the literature review, depth of analysis/evaluation and formation of a conclusion.

Answer is expected to include:

The current debate over the use of the Balanced Scorecard. This should include its effectiveness in moving beyond financial measures; the need for non-financial indicators; the arguments for and against the use of qualitative measures and the attributes necessary in a sound system of measurement

The link between the Scorecard and the company’s objectives and strategy. This incorporates the financial perspective – ratio analysis, cash flow and credit control; the customer perspective – market share, acquisition, retention, satisfaction and profitability; the internal business perspective – innovation, operations, post sales service; and the learning and growth perspective – employee skills, motivation etc

Examples used to effectively illustrate the points made.

Evaluation of the use of the balanced scorecard

support
Whatsapp
callback
sales
sales chat
Whatsapp
callback
sales chat
close