By Khanh Pham-Gia
The objective of this research is to investigate even if the Balanced Scorecard can remedy all difficulties of conventional accounting platforms. to respond to this question, to start with, common difficulties of conventional accounting platforms are studied. Afterwards, the elemental thought in addition to advantages and disadvantages of BSC are considered into information. eventually, the boundaries and problems of BSC cognizance in perform and initiates to prevent the pitfalls are illuminated.
It may be acknowledged, that the BSC offers a holistic considering and a stability among monetary and non-financial views: finance, client, inner enterprise technique, in addition to studying and development. It is helping association to enforce technique quicker and extra successfully. furthermore, BSC helps managers to accomplish the controlling projects, specifically making plans, riding, briefing and tracking organizational activities.
However, the BSC additionally indicates a few boundaries and problems wherein the pitfalls within the education are in line with layout and strategy mess ups. to prevent those pitfalls worthy initiates and distinct positive factors for useful layout of BSC will be carried out. making an allowance for this ideas BSC should be used as a robust software for strategic administration accounting.
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Balanced scorecard - Solving all problems of traditional accounting systems? by Khanh Pham-Gia