Describe the concept of the balanced scorecard

Reference no: EM1340675

Balanced Scorecard and Performance Measures

A) Describe the concept of the Balanced Scorecard and discuss its use in a strategic management accounting system.

(b) Describe three specific performance measures which could be used in a Balanced Scorecard system in an industry of your choice.

Other directives:

a) Answers could include: rationale for the Balanced scorecard, perspectives used, focus on key measures of performance, linking financial and non-financial aspects, long-term and short-term aspects.

(b) Answers will vary according to choice of industry, but must be related to the industry and be clearly described.

Reference no: EM1340675

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