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, first of all, general difficulties of conventional accounting structures are studied. Afterwards, the fundamental notion in addition to merits and downsides of BSC are considered into information. eventually, the bounds and problems of BSC recognition 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 company approach, in addition to studying and development. It is helping association to enforce approach speedier and extra successfully. in addition, BSC helps managers to accomplish the controlling projects, particularly making plans, using, briefing and tracking organizational activities.
However, the BSC additionally indicates a few barriers and problems wherein the pitfalls within the education are in response to layout and method mess ups. to prevent those pitfalls important initiates and distinct good points for sensible layout of BSC can be applied. bearing in mind this principles BSC can be used as a strong software for strategic administration accounting.
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Balanced scorecard - Solving all problems of traditional accounting systems? by Khanh Pham-Gia