Cost Accounting Unit 9 - Cost Accounting Unit 9...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Cost Accounting Unit 9 Professional Development Activity Cost Accounting 8e Foundations and Evolutions Kinney and Raiborn 1) Describe the informational interview that you conducted. Include who you interviewed and what company that person works for. 2) Discuss the conversation that you had with the professional in your field and how that information has or has not influenced you. What did you learn? What did you hope to learn? 3) What were your interviewee's recommendations regarding your career goals? How will you use this information in your job search? Discussion Questions Cost Accounting 8e Foundations and Evolutions Kinney and Raiborn #9 pg. 632 Hello Professor and Fellow classmates, The balanced scorecard (BSC) is a conceptual approach to measuring performance that weighs performance from four perspectives. Managers choosing to apply the BCS are demonstrating a belief that traditional financial performance measure alone are insufficient to assess how the firm is doing and what specific actions must be taken to improve performance. The four perspectives in the BSC are: 1) Financial which reflects stakeholder-relevant issues of profitability, organizational growth along with the market price of stock. 2) The internal process which focuses on things the organization needs to do to meet customers’ needs and expectations. 3) Customer financial perspective measures should show how the organization is doing in regards to customer issues of speediness, quality of service and price. 4) The learning and growth should show leads to customer perspective and should focus on the organization’s intellectual capital that need to changing due to customer needs or to influences new customer. Niki Badgley
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/18/2012 for the course HOMEWORK AC420 taught by Professor Atkins during the Spring '11 term at Kaplan University.

Page1 / 4

Cost Accounting Unit 9 - Cost Accounting Unit 9...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online