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Question - Read about Fiji Revenue & Customs Authority's (FRCA) critical success factors in its 2015 Annual report and answer the following questions.
1. Draw up a customized Balanced Scorecard for Fiji Revenue & Customs Authority. In drawing up the Balanced Scorecard, each appropriate perspectives of the customized Balanced Scorecard must have at least three objectives, three lag and three lead indicators. General lag and lead indicators that does not reflect Fiji Revenues & Customs Authority's operation is unacceptable.
2. From your customized Balanced Scorecard in (1), draw up Fiji Revenue & Customs Authority's strategy map and discuss the routes that is showcased in the strategy map.
3. Will the Balanced Scorecard program at Fiji Revenue $ Customs Authority provide Board members with the information they need to fulfill their governance responsibilities? Does a board really need information beyond the results reported in a company's monthly, quarterly and annual financial reports?
4. Discuss some of the control features of Balanced Scorecard when awarding performance bonus to Fiji Revenue & Customs Authority's employees.
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