Managerial Accounting Assignment in PDF

Running head: MANAGERIAL ACCOUNTING
MANAGERIAL ACCOUNTING
Name of the Student
Name of the University
Author Note

MANAGERIAL ACCOUNTING1
About the Organization and Its Policies
The main objective of this paper will be to discuss about the performance
measurement systems and their effect on the ethical behaviour and the culture of the
organization selected for this paper, which is CSL Limited. It is a biotechnology organization
having its operations worldwide. The company was founded in 1916 and having headquarter
in Parkville, Melbourne, Victoria. The business house is specialised in researches,
manufacturers, developers and marketers the products to provide treatment and cure serious
medical conditions in human. The products ranges of this organization from biotechnology
industry includes blood plasma derivatives, antivenom, vaccines and cell culture reagents
which are used in different genetic and medical research and manufacturing applications
(CSL Limited 2020).
Performance Measurement System
The term performance measurement system can be described as a small and precise
collection of financial as well as non-financial measures that help to support the decision-
making process of a business house by collection, processing and evaluating the quantified
data of performance information of that business entity. Some of the examples of these are
balanced scorecards, industry dashboards and ISO standards (Eswaramurthi and Mohanram
2013). In this context, it can be said that as CSL Ltd. deals with biotechnical products which
can be termed as emergency products, the performance measurement system affect the ethical
behaviour along with the culture of this company a lot. All these are sensitive products and
any unethical measures may lead to an accident to a person, which may result to death of that
human being. Unethical practices also affect the organizational culture of this company, who