Balance Scorecard for CPA Australia

CPA Australia

Table of Contents
Table of Contents.............................................................................................................................1
INTRODUCTION...........................................................................................................................2
MAIN BODY..................................................................................................................................2
Recommendation on balance scorecard for CPA Australia by presenting the four perspectives
and list of one or more objectives................................................................................................2
How balance scorecard has implemented at CPA Australia by involving high level of project
plan, key stakeholders, consideration and high level of risk.......................................................4
An outlines of pros and cons of implementing balance scorecard for CPA Australia with
examples......................................................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCE..................................................................................................................................7
1

INTRODUCTION
Profession skills are consider as skills that is required in a person to work accordingly
and helps to perform all activities accordingly. It has defined that individual’s processional skills
are extremely important in competitive business world. This is the proper way where someone
corporates to handle their workload and acts all around the office which helps to determine
failure and success in relation to employee (Tonn, 2019) (Abbey and Ong’unya, 2019). This
report is based on CPA Australia that is a professional accounting body in Australia founded in
the year 1886. This body get the prepared many people by providing professional skills where
they increases their knowledge and get degrees to perform well. Different topics are covered in
this report such as Balance scorecard for CPA Australia that helps to attain the business
objectives, implementation of such model by involving high level of projects, key stakeholders,
key consideration etc. that help to identify risk. Moreover, pros and cons of implementing
balance scorecard in order to maintain good financial performance.
MAIN BODY
Recommendation on balance scorecard for CPA Australia by presenting the four perspectives
and list of one or more objectives
Balance scorecard is considered as strategic management performance metric that uses to
identify and improve the internal business functions and give better outcome. Thus is important
for organisation to use balance scorecard to identify the problems and get a proper solution that
can help to improve the organisational productivity. It is uses to ensure that all functions and
activities are performed effectively and good outcome can be received in particular time period.
This was firstly introduced by David Norton and Robert Kaplan in the year of 1992 who stated
that this tool will help to measure and maintain the financial position of a company (About CPA
Australia, 2020). The CPA (Certified practicing accountant) which is governing body has
defined the four perspective of balance scorecard that are as defined:
Financial perspective – This means balance scorecard uses in measuring the financial
performance like as net income, return on investment, income statement etc. that helps to provide
right information regarding financial position. The CPA increase the knowledge of students by
making sure that they can get historical and current data of a business and organisation then
decision are make accordingly (Four perspective of balance scorecards. 2020).
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