Managerial Accounting – Week 6
Description
Congratulations! You have just been elected as president of your cityænbsp;nationally chartered financial networking organization. The group is a chapter of a national organization that has the following mission statement: / encourage the profession of finance as a career and to provide a platform that emphasizes and employs high ethical standards within the profession and community.®bsp;
Respond to the following four (4) prompts based on your knowledge from this unitænbsp;material.
Describe the four perspectives that will be used when creating a balanced scorecard for this organization.
Identify at least four significant performance measures for your organization within each perspective.
- Create standards that will be used to compare your professional chartered chapter to others of the national networking association. State each standard with a goal in mind.
- Explain how standard costs and a balanced scorecard will be used to evaluate your organizationænbsp;performance and why both financial and non-financial metrics should be integrated when evaluating an organizationænbsp;tasks and goals.
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