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Elements that might be presented in a balanced scorecard

Assignment Help Managerial Accounting
Reference no: EM13309835

Part -1:

Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you to prepare a presentation for the next manager's meeting about the balanced scorecard and how EEC might adopt it. In your presentation, complete the following: 

  • Define the elements that might be presented in a balanced scorecard
  • Explain how it is used
  • Make a recommendation of whether or not EEC should adopt the balanced scorecard
    • If adopted, how might itimprove the company?

Part -2:

The President of EEC has decided to adopt the balanced scorecard. The balanced scorecard translates an organization's mission and strategy into operational objectives and performance measures for 4 different perspectives. You received an e-mail from him asking about tying compensation with performance measures. Discuss the following in your response:

  • Discuss unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation.
  • How can EEC avoid these behaviors?
  • How should EEC tie performance measures to compensation?
  • Who is responsible for establishing the performance measures?

 

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Reference no: EM13309835

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