ACCT310-1203B-04 Managerial Accounting

AssignmentName:
Unit 5 Discussion Board

Deliverable...

Question

ACCT310-1203B-04 Managerial Accounting

AssignmentName:
Unit 5 Discussion Board

Deliverable Length:
4-6 paragraphs

Details:

Consider the following scenario:
The organization that you work for has been thinking about implementing one of the following performance measures:

Balanced Scorecard
Economic Value Added
It has asked you to prepare a summary and make a recommendation as to what performance measure should be used. Use the library, the Internet, and other resources, to research these topics and provide support for your recommendation.
Recommendations for Responding to Peer Posts

Review a peer’s post that made a recommendation for the performance measure that you did not.Did any of the points he or she made make you reconsider your position as to which measure would be best?
If so, what points made you change your mind?
If not, what additional arguments can you make that would directly refute the points that he or she made.

Robert · Accepted Answer

Performance Management                                                                                                               1
Performance Management: 
Performance Management is one of the most important aspects that helps in evaluating 
the performance of the organization from different perspectives. The aspect of the performance 
management helps in improving the capabilities and the performance of the organization so as to 
sustain in the competitive environment today. There are different tools that are used by the 
organizations so as to evaluate the performance and take corrective measures so as to improve 
the efficiency and the performance of the organization. 
Economic value added: 
Economic value added helps in evaluating the financial performance of the organization 
which is based on the residual wealth of the company. The company use this tool so as to 
analyze the true economic value of the company. 
Balance Score card: 
Balanced score card was introduced as a measurement device, today it has become a 
strategic management system that helps an organization to work on its vision and helps in 
translating the vision into the action which is inculcated across the organization.

ACCT310-1203B-04 Managerial Accounting AssignmentName: Unit 5 Discussion Board Deliverable Length: 4-6 paragraphs Details: Consider the following scenario: The organization that you work for has been...

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ACCT310-1203B-04 Managerial Accounting
AssignmentName:	Unit 5 Discussion Board
Deliverable Length:	4-6 paragraphs
Details: Consider the following scenario: The organization that you work for has been thinking about implementing one of the following performance measures: Balanced Scorecard Economic Value Added It has asked you to prepare a summary and make a recommendation as to what performance measure should be used. Use the library, the Internet, and other resources, to research these topics and provide support for your recommendation. Recommendations for Responding to Peer Posts Review a peer’s post that made a recommendation for the performance measure that you did not.Did any of the points he or she made make you reconsider your position as to which measure would be best? If so, what points made you change your mind? If not, what additional arguments can you make that would directly refute the points that he or she made.