Assignment: Implementation of the Balanced Scorecard

The term “balanced scorecard” became part of the professional accounting vernacular in the early

1990s. This nontraditional approach to measuring strategic performance was developed by Dr. Robert

Kaplan and Dr. David Norton. As the name implies, the goal of the balanced scorecard is to provide

stakeholders with a balanced view of the performance of an organization.

For this Assignment, review Case 14­1, “Global Oil” in Chapter 14 of your course text and reflect on

the information presented. Consider how the balanced scorecard should be implemented, including

how it the results of this implementation might contribute to organizational decision making.

The Assignment:

Provide a critical analysis of M&R’s implementation of the balanced scorecard, including an

identification of the strengths and weaknesses of the program.

Prepare a response to the following: Was the adoption of the balanced scorecard at M&R responsible

for turning around the organization’s financial performance? Explain why or why not.

Zimmerman, J. L. (2014). Accounting for decision making and control (8th ed.). New York, NY:

McGraw­Hill.

Chapter 14, “Management Accounting in a Changing Environment” (pp. 608–633, 648–649)

Case 14­1, “Global Oil” (pp. 648–649)

In the final chapter of your course text, the author revisits and adds to the information originally

presented in Chapter 1. The author applies the information contained in the course text to recent

accounting trends and innovations. Be sure to pay particular attention to Case Study 14­1, “Global

Oil.

Click here to request for this assignment help

Place New Order
It's Free, Fast & Safe

"Looking for a Similar Assignment? Order now and Get a Discount!