The subject for this weeks is:
How does the Balanced Scorecard build the relationship
between...

Question

The subject for this weeks is:
How does the Balanced Scorecard build the relationship
between non-financial objectives and financial objectives?
Need to be between 750 words minimum. NO
PLAGIARISM I am still going through the disciplinary action because of the
submission of a document one of your experts provided. PLEASE and I do say that
again PLEASE use attached reading material and also any other sources you may
find relevant. 4-6 Valid academic references and should be in-text references
also not just at the end. Please provide one real case scenario whether
personal or from the web (just make sure is correctly referenced) please have a
clear structure.You have 30 hours from
my submission. Please no plagiarism max tolerance 9%.....
Regards
Nick

David · Accepted Answer

Introduction 
The process of management accounting includes the process of formulating and 
developing the reports for senior management and middle management so that correct and timely 
statistics and information can be provided to the management for taking regular operational 
decisions. The report can be provided on monthly, weekly, quarterly, annual basis. The reports 
can be in the form of trend charts, analysis of variances etc. These reports enable the managers to 
take the corrective actions so as to improve the performance of the company.  (Atrill, 2009) 
Balance Scorecard 
The balance scorecard is developed by Robert Kaplan and David Norton and it is the 
most important effort to combine the usage of financial and non-financial measures. It is 
regarded as the system of management as well as measurement. In reality, it gives the enterprise 
a framework that is able to convert the goals and objectives of an organization into a series of 
different key performance measures and targets. This framework is designed to formulate the 
strategies of the organization more rational by strictly relating it to a specific objectives and 
initiatives. By using balance scorecard, the managers can easily analyze whether the desired 
goals have been achieved or not. (Kaplan, 1991) 
Balance Scorecard is regarded as the tool for strategic planning and management system 
that is implemented widely in business and industry, nonprofit organizations, government so as 
to align the activities of the business with the strategy and vision of the business and for the 
improvement of communication in both ways,

The subject for this weeks is: How does the Balanced Scorecard build the relationship between non-financial objectives and financial objectives? Need to be between 750 words minimum. NO PLAGIARISM I...

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