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Critique of Performance Measurement
This section brings together material from preceding data in this lesson in order to provide a critical appraisal of performance measurement. In a sense, all of the material in the study pack can be related to the measurement of performance; good managers make good decisions, form good plans, and establish good control practices and this should be reflected in measures of performance. An alternative view is that performance measurement drives the decision making, planning and control functions of management; managers manipulate performance results so that they can appear to be performing well. This provides an explanation for ROI approaches to the capital investment decision; managers are more concerned to appear to be making the right decision than to be making the right decision in reality. Whatever the view, transfer pricing and performance measurement provides good material for assessing the problems facing the management accountant who is trying to devise systems which will benefit organizations. The critique which follows provides a summary of the problems of ensuring that performance measurement systems achieve the purposes for which they are designed. The list which is provided can be considered as coverage of some of the themes which influence management accounting as a whole.
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Incremental budgeting Incremental budgeting uses a budget prepared using a last period budget or actual performance as a base with incremental amount asses for the new budget p
Relevant costs and benefits for operating decisions: In operating decisions, concentration is on best use of existing capacity. Incremental analysis based on differential cost
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BENCH MARKING In the current business environment, organizations are under a lot of pressure to improve performance and that of their divisions or subsidiaries. Bench marking i
Difference between budgetary control and standard costing Budgetary control The budgets are prepared for the concern as a whole. The budgets are fixed on the basis of p
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In this section we have discussed the motives for conducting cash balances. In addition, we have discussed cash deficit or surplus situation and how it can be contained by the use
What the traffic can bear pricing Pricing based on what the traffic can bear is not a sophisticated method. It is used by retail traders as well as by some manufacturing firms.
Explain Operating budgets These budgets relate to the dissimilar activities or operation of a firm the number of such budgets depends upon the size and nature of business. The
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