Question 2 The Balanced Scorecard aims to solve the problems related to the historical nature of the financial measures that are used in traditional management accounting systems. It does so by integrating financial and non-financial strategic measure variables (Norreklit et al, 2012) Norreklit, H., Norreklit, L, Mitchell, F. and Bjornenak, T. (2012). The rise of the balanced scorecard! Relevance regained? Journal of Accounting and Organizational Change, 8 (4), pp. 490- 510. Required: Critically discuss the extent to which the Balanced Scorecard has solved the problems related to financial measures used in traditional management accounting systems.
Question 2 The Balanced Scorecard aims to solve the problems related to the historical nature of the financial measures that are used in traditional management accounting systems. It does so by integrating financial and non-financial strategic measure variables (Norreklit et al, 2012) Norreklit, H., Norreklit, L, Mitchell, F. and Bjornenak, T. (2012). The rise of the balanced scorecard! Relevance regained? Journal of Accounting and Organizational Change, 8 (4), pp. 490- 510. Required: Critically discuss the extent to which the Balanced Scorecard has solved the problems related to financial measures used in traditional management accounting systems.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Question 2
The Balanced Scorecard aims to solve the problems related to the historical nature of the financial
measures that are used in traditional management accounting systems. It does so by integrating
financial and non-financial strategic measure variables (Norreklit et al, 2012)
Norreklit, H., Norreklit, L, Mitchell, F. and Bjornenak, T. (2012). The rise of the balanced
scorecard! Relevance regained? Journal of Accounting and Organizational Change, 8 (4), pp. 490-
510.
Required:
Critically discuss the extent to which the Balanced Scorecard has solved the problems related to
financial measures used in traditional management accounting systems.
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