Acc 201 Management Accounting

Strategic performance management systems

PART A: DEFINITIONS

-Vision, Mission, Objectives, Strategies, Balanced Scorecard

PART B: DISCUSSION QUESTIONS

1. Discuss why businesses have performance measurement systems put in place.

2. Why conventional measurement systems are not adequate in managing an organisation. What value do non-financial measures provide to an organisation?

3. Discuss the Balanced Scorecard in some detail.

4. What is Du Pont chart v benchmarking? Are they same?

5. Discuss ways we can make performance measures more effective?