Reviewing Balance Scorecard (BSC) application in management accounting
AbstractBalanced evaluation technique is one of the most important and modern techniques of evaluating organization’s performance operations and according to the development of organization’s performance evaluation methods, it is necessary to pay attention to select a method that has the most investment return rate as much as possible. This paper addresses the reviewing of “balanced evaluation” technique that is one of the most modern techniques of management accounting. Methodology: Then balanced evaluation technique and its aspects and necessary steps in order to prepare it are described briefly. Finally, challenges and solutions presented are addressed to remove the challenges of evaluating this technique. Results: In fact, it can be said that BSC nowadays becomes like a language to evaluate institutes. Briefly, BSC is a Top-Down system on organizational performance, in which general perspectives must be classified as the first stage (general goals) and managers must decide that which strategy reach us to our goals after organizational structure and infrastructure stability. Conclusion: BSC meanwhile helping the management in acquiring organization’s information sources application and results from products production; helps him/her in reviewing performance empty spaces strategy elements and parts (Unknown capabilities). BSC enables the manager to know economic conditions results, quantitative goals, seasonal conditions, competitors’ activities, physical capacity planning, and labor productivity and production problems and to act about the elimination of defects by gathering suggestions and making the decision and helps him/her whether or not to allocate resources.
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