Discussion topics

Topic 1:

Give examples of the strengths and weaknesses inherent in using standards for planning, controlling, and decision making. How do standards relate to overall cost management?

Topic 2:

What is a Balanced Scorecard? Of the four perspectives that this concept introduces, do you think one of the perspectives is more crucial than another? Does it depend on the company in particular? Give an example of how this analysis can benefit a company.

Topic 3:

Thisweek we discuss variance analysis and budgeting. What impact does this have on the overall financial reporting of a company? Are there ethical concerns related to either? Give examples.