Solution-Translating a strategy into financial and

Translating a strategy into financial and non-financial

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Reference no: EM132203261

The balanced scorecard requires measures to 'cascade down' an organisation, this means:

It is a system that focuses on translating a strategy into financial and non-financial measures.
SPMS requires linking performance measures in cause-and-effect relationships.
SPMS requires the development of a strategy map first, followed by a balanced scorecard.
SPMS can be used by non-profit organisations.

Reference no: EM132203261

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Translating a strategy into financial and non-financial

Reference no: EM132203261

Reference no: EM132203261

Questions Cloud

Reviews

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Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

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