Management Accounting Report: Systems, Tools, and Decision Making

This report provides a comprehensive overview of management accounting, covering its functions, different systems, and the tools used for effective decision-making. It begins by defining management accounting and differentiating it from financial accounting, highlighting its role in internal strategic development and decision-making processes within a company like Imda Tech. The report delves into various managerial accounting tools such as margin analysis, constraint analysis, and capital budgeting, explaining their importance in evaluating performance, identifying bottlenecks, and making investment decisions. Furthermore, it explores product costing, various management accounting systems including cost accounting, inventory management, job costing, and price optimizing systems. The report also discusses the use of standard costing as a decision-making tool, emphasizing its role in budgeting and inventory costing. Overall, the report provides a detailed analysis of management accounting principles and practices, offering valuable insights for businesses aiming to improve their financial management and strategic planning.

Management Accounting

TABLE OF CONTENTS
Management Accounting.................................................................................................................1
TASK-1 ...........................................................................................................................................3
P1 Functions of management accounting...............................................................................3
Margin Analysis.....................................................................................................................5
Constraint Analysis................................................................................................................5
Capital Budgeting...................................................................................................................6
Trend Analysis/Forecasting....................................................................................................6
TASK 2............................................................................................................................................6
Product Costing/Valuation.....................................................................................................6
P2 Explain the different types of Management Accounting Systems ...................................6
P3 Marginal absorption costing..............................................................................................9
..............................................................................................................................................10
TASK 3..........................................................................................................................................11
P4 Budgeting method...........................................................................................................11
TASK- 4 ........................................................................................................................................19
P5 Explain what a Balance Score Card approach is and describe how the implementation19
References......................................................................................................................................24

TASK-1
P1 Functions of management accounting.
i) Define of Management Accounting. Distinguish between Management Accounting and
Financial Accounting.
Management accounting is amalgamation of finance and accounting, it is allocation of
financial data which suggest firm, its development considering all the internal and external
factors. Further the management accountant are not only qualified in accounting but they are
specialized professionals in decision making, advising, finance, monitoring risk and making
companies strategies. Imda Tech uses this to evolve solutions to increase companies profitability
and net turnover. Globally this concept is known as Charted Global Management Accountant
(CGMA).
Differentiate between financial accounting and management accounting.
Basis Financial Accounting Management Accounting
Nature
Financial accounting is used to prepare
financial statements, balance sheet and to
maintain financial records.
Management Accounting helps
business in decisions making,
developing strategic techniques.
Goals The purpose of accounting is to provide
financial information to external stakeholders.
The aim is to provide adequate
support for planning and
decision-making.
Time At the end of the financial year, financial
statements are made.
Mangers make decisions and
formulate policies regularly
throughout the business
operations.
Clients External Internal
report All financial reports provide a brief overview
of the financial situation of the organization.
The report provides detailed
information (Weetman, 2013).
Resolution It's all about preparing financial statements,
which are used by external stakeholders.
It is essential to predict, plan
and manage a continuous

process.
Necessary
information
Financial information is useful to maintain
record of monetary transaction.
Information is helpful in
maintaining quantitative and
qualitative data (Weetman,
2013).
Accounting
branch Financial information is stored.
It tracks all data on financial
and non-financial information,
or collections.
Privacy level It is not a secret, when it is tested and used in
internal and external stakeholders.
Policies and strategies used are
just a set of internal controls
and sufficient to be used. Top
privacy.
Format It has particular form of format for preparation
of financial statements.
This do not have specific
format. (Taipaleenmäki and
Ikäheimo, 2013).
Rules This accounting method is bounded by rules
and regulations like, GAPS and IFRS
In this accounting manager do
not follow any rules just try to
make decisions as per the
business requirement.
Review
The financial statements use it for inspection,
which will help to promote incorrect financial
statements.
No need to check and modify as
a voluntary set of information.
ii) Importance of management accounting information as a decision making tool.
Managerial team of Imda Tech uses different managerial accounting tools and techniques
for the successful decision making process.
 The method helps managers in making decisions effective and worth considering for
control and accounting activities. Monitoring control and access over accounting
techniques provides an essential support in regulation with economic activities.

 It helps managers for making comparison between actual and planned activities to
compute variances, which in turn, suitable decisions can be made for the business
success.
 It also gives the presentation to administrative department for evaluating overall
performance of the Imda Tech which helps in generating new rules and regulations in the
company to overcome business risk due to adverse change in external environment.
(Taipaleenmäki and Ikäheimo, 20 133).
 It also helps the company in making decisions related to products, like whether to buy or
make product, after examining the cost process.
 Accounting manager makes decisions which can be changed as per the market
fluctuations.
 It also helps in putting better control over the cost through taking rationalized measures
and drive better return to the entity.
 Imda Tech manager also keeps the business updated about advancement in technology.
Draft report and account management that provides operational statistics and financial
information timely and accurate decisions by the board on a daily basis and in the short term.
Unlike accounting, the annual report produces, particularly external stakeholders, representing
weekly or monthly reports to organize internal audiences, such as department heads and chief
executive. These reports generally show how much money is available, sales revenue, the
number of orders beads, account status, debtors, creditors, raw materials and inventory, can also
be trend charts, contrast analysis and other statistics.
Margin Analysis
Internal accounting management of marginal analysis, the profit or cash flows from the sale of
the resulting products, customers, or in some stores. The analysis includes border analysis,
further analysis of benefits through increased production and analysis of broken trends. Tie -
account analysis for the promotion and sales mix only now to determine how much when the
sales volume of the total of the same costs. These accounting data have been calculated useful
for determining the prices of products and services.

Constraint Analysis
The restrictions on production or sales, management accountants to determine where bottlenecks
occur and calculate the impact on the restrictions on income, profits and cash flows.
Capital Budgeting
t includes the recognition of the use of information management, and making investment
decisions. Management Accountants with the standard budget for capital ratios , as in the present
value and internal rate of return for supporting the resolution , which does not leave the capital -
intensive projects or study includes proposals for products or services required and to find an
appropriate way to finance the purchase made. This also explains the repayment period can be
controlled and cannot predict future economic benefits, and when it happens.
Trend Analysis/Forecasting
Finance and exploring some cost trend line to investigate irregularities or inconsistencies. The
region also makes use of the financial statements for the prior period to calculate and provide
future financial information. These can include historical prices, sales volume, geographical
location, customer trends, or account information.
TASK 2
Product Costing/Valuation
Accounting requires determining the actual cost of a product or service. Accountants calculate
and allocate appropriate costs around the actual cost of product production. It can be applied to
the expenses of the goods produced on the basis of a number of charges or the other driver, such
as box with top accountants use of direct costs to assess the appropriate cost of goods sold and
grains have different stages of the production process
P2 Explain the different types of Management Accounting Systems
i) Cost accounting systems
It is a process of used by companies like Imda Tech to estimate the cost of their product
in order to maintain net profitability, cost and annual turnover. Cost accounting system of the
business evaluate its actual cost, normal cost and standard cost. These cost involves material and
labour which are assigned. These costing method are used to value products and their actual cost

of production. Standard cost method is provides the values to manufactured goods and their
estimated material costs.
Estimating the actual cost of goods sold (COGS) is necessary to evaluate companies
profits. Hence, with the help of these methods firm can know products profitability.
ii) Inventory management system
It is a continuous process used by Imda Tech, this helps in maintaining daily incoming
and outgoings of the products and services from the firm. This system consists of receiving
inbound merchandise, transferring outbound merchandise, inquiry, sales, returns. It helps
company in maintaining enough stock for production on daily basis. It helps firm to keep a check
over daily inventory in order to regulate the demands of the customers. Companies also uses
machines to track all orders, vendors, etc.
iii) Job costing systems:
This system is used by Imda Tech manager to identify that its products are different from
each product because identical products and affects the sales and profitability. Measuring job
cost helps in reducing wastage of time and resources. Imda tech uses this to assign
manufacturing cost according to batches of products as per their functioning. This system
involves documentation of Costs of goods sold, finished inventory and work in progress.
iv) Price optimising system
It is an assumption process of the company, system which is used by Imda Tech to evaluate how
the buyers will react to its products and offered prices. The manager involves some important
factors to determine price which are, past prices, inventory cost, and operating cost of the
products. The system gives mathematical analysis of prices which includes the cost which firm is
planning to offer and which will be beneficial.
Lots of business management costs. These costs are separated into different types, such as:
job Costing:
 Cost function: - based on the cost function with 8 types, such as: -
 Production costs: - part of the costs incurred directly in the manufacturing process for
the production of goods or services are the so - called production costs. Where the cost of
direct materials, direct labor and other direct costs (Mastilak, 2011).

 Administration costs: part of the cost of the public sector in general is considered
indirect costs and are called administrative costs. As salaries, office expenses and so on.
 Selling costs: the costs of making the sale of the sale of goods and services, called the
cost. These commissions, discounts, etc. (Mastilak, 2011).
 It is encouraged to share production costs of their products in the market that are
recognized Distribution costs - distribution costs. Since transportation costs, warehouse
rental, etc.
 Research and Development cost (Ahmad, et al., 2014), the costs of executives to
develop new products or services or to make an adequate improvement of the product or
service is available and is known as the cost of research development.
 Conversion cost: direct costs in the form of salaries, overhead, which was created to
convert raw materials into finished products. There are different stages of production to
intervene for.
Analyse the use of standard costing as decision making tool.
Standard costing: This is the expected replacement cost of the actual costs of their accounts
to record the spread refers to the difference between the difference and the proposed costs of the
actual costs. It contains a collection of useful information that managers use to make effective
decisions (Farkas et al. 2016).
In fact the standard price is used as a decision-making tool, such as using different features as
follows:
Budgeting: - Budget reporting prepared using standard costs, because it can not be used in the
actual cost figures are not final, because the budget is always ready to begin treatment, and
underwent surgery after a period of entry into force of standard cost accounting is used
effectively . The use of standard modules is expected to cost different costs such as costs and
sales. The difference between a standard billing system and a standard cost-standard budget for
each product is an intelligent sharing of the degree that the system offers to accept the existence
of a partition wise. The standard cost used in budget preparation is estimated as the total cost,
because it is used less (VARCAS et al., 20166).
Inventory costing: cost accounting method is used to receive the rest of the unit costs lager
hankerings closed distribution devices. There is a big difference in stock to cover the closure and

the actual cost of the traditional normal expected to be effective for each part separately from the
different stages of the production process control of economic (Farkas et al. , 20166).
Controlling: - Administrators can use this tool in the management of their activities and make
adequate improvement in their institutions. They are used to reduce the total cost of increasing
the level of income at the highest level. Using shared spreadsheet software performance and
contrast analysis help you determine the difference between the unit cost and the actual standard
cost per unit (Martin, 20 155).
Performance evaluation:with the standard cost managers can assess the overall performance
they actual performance to take responsibility for basic needs to install evaluation. By
recognizing their achievements, employees are truly motivated to achieve specific goals (Martin,
2015).
Price setting: Use of standard administrative value to determine the price determines the price
accordingly, in order to assess the total cost of survival. They increase the appropriate margins
for their expenses, so they went out at reasonable prices to attract customers to their products
(Martin, 2015).
recognition
TASK-2
P3 Marginal absorption costing
The value of work - work values refers to the way the cost of this method because of cost
calculation. This is mainly used for industrial or corporate purposes that ensure a variety of
contracts and jobs. This is due to a number of rules that will help the technology used in different
situations according to different tasks to these specific customer requirements. Labor costs help
keep accounts straight and indirect. Set of contract method of labor cost.
Precious process - the cost of the additional costs or preparation of the production process steps.
This is the unit cost of the product to ensure that each unit production costs produced by the
standard process division. London CIMA describes the process of value "as a form of influence
on the price, which can be used for the production where standardize goods". These methods can
be used in industries such as chemicals, oil, textile, rubber, sugar, coal, etc.

Investment services - operating costs refer to the cost of the administrative costs of the company.
Quite simply, these costs are made by the organization on a daily basis or every two days. This
cost is a combination of fixed and variable costs. Fixed costs are those costs that remain even if
actual production exceeds total production, while variable costs vary regardless of the number
found.
Marginal cost method is very good to describe the marginal cost to determine the changes in
cost, size, etc. The so- called price and marginal cost. This is achieved by the total cost of the
fixed and variable costs of separation.
Standard costs - the cost of the standard cost of materials directly in production , direct labor and
direct expenses. Analysis of variance is an important part of the cost of the standard, which
shows the real difference between the actual cost and the cost of some of the most important
languages variation in the size of the fluctuations and changes significant cost savings in labor
costs and other (Madegodwa 2007)
Historical cost accounting - recording of the actual cost costing. Materials known the real cost of
the historic work and cover overhead together.
Absorption of cost - This is a method to extract all the variables and fixed costs, products and
processes or services. Absorption fixed price is also known as full cost accounting.
If the launch of a Mobile gadget each of the above techniques can be adopted. Since the
absorption of only marginal costs differ only in the treatment of public expenditure in the
accounts, the financial statement.

Marginal costing: This method only considers variable cost of production in finding out the cost
of the goods as it is based on the assumption that fixed cost remains fixed and will incur even at
no production. Therefore, it computes contribution as an excess of sales over variable costs
whereas net profit is determined through finding the excess of total fixed cost over contribution.

According to results derived, gross profit in absorption cost is 17500 and the contribution
in marginal method is 22125. The results differ because absorption costing had considered both
the fixed & variable cost of production @20 per unit to determine the cost of sales. However,
marginal costing had considered only the variable cost @15 per unit to determine COGS.
Besides this, net loss under full costing method is shown to 375 whilst the same in variable
costing is reflected to 2875 because fixed overheads on closing inventory of (500*5/unit) to
2500.
TASK 3
P4 Budgeting method
Budget preparation is an important part of keeping business organizations smooth. Budgets are
ready to determine the needs of corporate financial needs and efficient allocation of resources in
the company already confirms the impact of cost control report contains a description of the
nature and behaviour of the description of the costs of various valuation methods. The positive
and negative differences in cost and analysis are determined in detail with the budget included
reveal the purpose of regulation
 The budget provided by the institution to provide the direction of the company to achieve
organizational goals and objectives.

 The company's expected cash flow may be that your business can benefit from the
organization's resources (Alino and Schneider, 2012).
 The budget process for the development of an effective coordinator of the organization in
order to maintain the lowest cost of production.
 The central part of the judiciary or limit the process of the company's operating budget.
There are different ways of funding that the organization uses. The company chose to carry out
according to funding and the nature of the appropriate organization. Several approaches to the
budget approach.
Purpose and Budget Nature Cheap Imda Tech UK Limited
The budget is a report by the management and resources prepare and decide on how to take the
necessary action to make informed decisions to maximize revenue and market share at a given
time. The budget process is the preparation of the budget.
Imda Tech UK Limited using the budget process to predict future cash flows associated with.
However, the handling they use in decision-making, so they make appropriate and effective
strategies to achieve rapid growth in the market (Gamschurdia and Maisuradze, 2015).
The purpose of the budget process Imda Tech UK Limited : income and expenditure in the
main objective in the near future for the process of the budget for youth Imda Tech UK Limited
related expectations. As predicted a negative situation or crisis, so be prepared to receive them to
also reduce the transaction. The budget process is also used to monitor performance and
activities. The actual impact assessment and budget management, if they get a negative decision,
will make to improve the effectiveness of their performance (Gamschurdia and Maisuradze,
2015). When using the credits process to provide an effective way to get rid of them, reduce
spending effectively to reduce the total cost. Budget process in order to build communication and
effective coordination of their departments to improve the various functions such as planning,
organization, recruitment, guidance and control. The workers have strong support and
motivation, because they know clearly what their roles and responsibilities. The result is efficient
production (McVay, 2015).
The nature of the budget process: son Imda Tech UK Limited to use the budget process to
define the company, because it uses information from the previous year to compare the results of

real - time display to implement the necessary changes in the transfer of data from the previous
generation speed. Future revenues and expenditures are the decision to adopt the rules that grow.
Basically, the objectives of the budget process, strategic objectives, strategic change in the
enterprise in their relationship. The character within the powers and responsibilities budget
everyone in the organization to operate effectively (McVay, 2015).
There are five different types of funding available for the right to get the same method as Imda
Tech UK Limited
Zero budget system: According to the budget process this budget, because it will start a new
beginning. The data budget setting is not used for previous years, and can not take into account
the results of the previous year this method is used for new companies, but Imda Tech UK
Limited to use the budget process to increase productivity and achieve resource allocation level.
Advantage
 Zero based budgeting helps the manager identifying vague operation which need to be
stopped.
 With the help of this Imda Tech manager can evaluate the need of staff in every
department of the company.
 This type of budgeting easily respond to changes in macro environmental.
 With the help of this budgeting tool manager can make proper utilization of resources by
allocating them at right place.
Disadvantages
 Manager can use this tool only for short term planning and goals for the company.
 It leads to demotivation of manager as it is time consuming budgeting process.
 Ranking can not be done for different departmental functions of Imda Tech.
 Zero based budgeting process do not require management skills, so decisions can be
doubtful.
Approach from top to bottom to put the budget: According to the budget process at the highest
level, which is part of the budget preparation. They provide a budget to use available information
about current grant funds to be distributed among various departments to effectively
communicate the leaders of all departments of the company. With this method, Geoffrey co-
operation between different departments to obtain them to work on their effective collaboration

and effective decision-making to achieve growth in the organization (Guerrero Bayena et al.,
2013).
Incremental budgeting method: According to the management process in an effective way to
make any changes to their previous year 's budget to ensure the best performance in their
organization. It helps to push to the desired level and enhance its performance .Imda Tech UK
Limited contact these to identify the improvements needed to improve the performance and
productivity of its employees as a whole.
Advantages
 Imda Tech manager uses Incremental budgeting as it is easy to adapt and do not need
much mathematical calculations.
 With the help of this budgeting technique manager can make changes in budget
according to the changing requirements. Further, the affect of changes in budget can be
seen immediately by Imda Tech
 Generally it is used by the companies who need fixed and limed changes in budget.
Disadvantages
 Incremental budgeting tends to show deviated results as per actual result. It disconnects
the company from the reality.
 It makes the manager spend more money than required and because it ensures easy
availability of funds
 Using this process can sometimes lead to budgetary slack which is decrease in revenue
growth and increase in expenses.
Bottom up budgeting method: in this way the budget starts at or below the operational
level. It seems appropriate for this budget task for the people concerned. They are effective and
rapid estimates of income and expenditure process help to resolve complaints from the staff.
Imda Tech UK Limited uses this fact to motivate his staff (Guerrero Baina et al., 2013).
Budget based budgeting approach to the activity of all the actions that have an account, which
may seem to provide adequate support for the production and will be selling system. With this
can be able to estimate the cost of all activities related to production. This helps determine the

required number of units per job. Imda Tech UK Limited's follow this method to identify the
activities required in their manufacture to the second level (Karanovic, et al., 2010).
Advantages
 Manager uses this process to motivate workers as in this technique employees have
power on budget.
 By applying this process manager at Imda Tech ensures better communication between
every department of the company.
 When employees take part in budgeting process, top level management gets proper time
to make strategies.
Disadvantages
 Generally manager do not use this tool because top level management loose the control
over budgeting.
 Employees and managers are not experienced as owners so they end up making bad
budget.
 This process of budgeting is very slow, inaccurate and sometimes leads to conflicts
within the organisation.
Operational budget: - This is a detailed plan to help the public to assess the performance of a
specific time. Other operating budget units that they use to manage and compare their income
and expenses. They also use this report for future financial reporting (Smith, et al., 2010).
Examples of operational budgets for benefits such as:
Sales budget: - This is the real budget that can be used to evaluate different sales units. With this
it is also classified as a sale proceeds. The following is an example of a budget sale:
intimate Part 1 Area 2 Circle 3 Category 4
Production of units
sold 13200 9540 11030 17 of 660
Sale EGP 91 £ 92 £ 97 EGP 112
Total sales £ £ 1200,200 877680 £ 1069910 £ 1977920 £

Production Budget: - This is the real budget, which can be used in production planning to meet
demand by making enough sales. The following is an example of a production budget:
intimate Part 1 Area 2 Circle 3 Category 4
Budget of units
sold 13200 9540 11030 17 out of 660
Add: - Closing
Securities 2100 1680 2130 2250
Minus: - Open list 1960 2100 1680 2130
Budget
production 13340 9120 11 480 17 780
Direct Labour costs budget : - This type of budget and shows the total cost of the house
along with the required for the production of direct hours. The following is an example of a
budget directive:
intimate Part 1 Area 2 Circle 3 Category 4
Budget production 13340 9120 11 480 17 780
Direct work in the
hour 3.5 hours 3.5 hours 3.5 hours 3.5 hours
Work in the budget 46690 h 31920 h 40180 h 62230 H.
And / h of direct
labor costs 4 pounds 5 pounds 5 pounds 5 pounds
Total average cost of
the house £ 186,760 £ 159600 £ 200900 £ 311 £ 150

Material costs budget- the budget has been prepared in this budget to show the budget required
in the production of direct materials. Here is an example of the budget cost of materials:
intimate Part 1 Area 2 Circle 3 Category 4
Budget production 13340 9120 11 480 17 780
Directly to the
necessary materials 4 4 4 4
Direct materials
required 53 360 36 480 45 of 920 71120
Add: - Closing
Securities 5470 6890 10680 9610
Less - closing lists 8000 5470 6890 10680
Provide direct
purchase materials 50830 37900 49710 70050
UNIT PRICE £ 3.10 £ 3.20 £ 3.50 £ 4.00
Cost of direct
purchase of goods 157 £ 570 121280 £ 173 £ 980 £ 280,200
Overhead Budget - is prepared to pay for the budget, and other direct costs of direct material,
direct. This is an example of the above, such as:
intimate Part 1 Area 2 Circle 3 Category 4
Budget production 13340 9120 11 480 17 780
Transfer expenses £ 12 £ 15 £ 16 £ 19
Total expenditure
unchanged 160080 £ 136800 £ 183 £ 680 pounds £ 337820
Fixed above
drop £ 900,000 £ 900,000 £ 900,000 £ 900,000
rent £ 75,000 £ 75,000 £ 75,000 £ 75,000
The number
above the solid
£ 165,000 £ 165,000 £ 165,000 £ 165,000

Whole
production, above
(solid + variable)
325080 £ 301800 £ £ 348680 £ 502820
Less: consumption £ 900,000 £ 900,000 £ 900,000 £ 900,000
Factory overhead
costs 235080 £ 211800 £ £ 25,880 412820 £
Manufacturing cost budget: - the budget was held to assess the cost of production can be
attributed to the exit in the final product: -
intimate C1 Area 2 Circle 3 Category 4
Cost of direct purchase
of goods 157 £ 570 121280 £ 173 £ 980 £ 280,200
Initial shares £ 24,000 £ 16960 £ 22050 £ 37,380
Minus: stocks close £ 16960 £ 22050 £ 37,380 £ 38440
Cost of direct materials £ 164610 116190 £ £ 158650 279140 £
Direct labor costs 186760 159 600 200 900 311 150
Factory overhead costs 235080 £ 211800 £ £ 25,880 412820 £
Estimated production
costs 586450 £ 487590 £ £ 618230 1003110 £
Selling and Administrative expense budget:- Type of other proposed budget for the costs
of checking production operating costs. Here's an example of budget and sales management:
intimate Part 1 Area 2 Circle 3 Category 4

Sales Spending
Sales commissions £ 26,200 £ 23,800 £ 24,100 £ 35,900
Pregnancy £ 38,900 £ 35 £ 30,500 50 300
Manage budget
expenditures
Rental of real estate £ 80,000 £ 80,000 £ 80,000 £ 80,000
Pay £ 100,000 £ 100,000 £ 100,000 £ 100,000
supply £ 11,200 £ 10,300 £ 15,600 £ 23,700
Some. Action £ 7,000 £ 7,000 £ 7,000 £ 7,000
Total budget
expenditure 263300 £ £ 256,200 £ 257,200 £ 296,900
TASK- 4
P5 Explain what a Balance Score Card approach is and describe how the implementation
Balance on the card
Balanced Scorecard is a strategic tool for assessing the results of operations. It also requires
performance measures. Introduced this concept because it uses Norton and Kaplan first 1992.
This indicator in strategic management to identify and reform of the internal mechanism and the
functions of the external work functions this indicator to measure and provide feedback. (Tyler,
2010) is the main purpose of quantitative measures results, implemented through the collection
of information. Knowledge sharing and managers. This will help make better decisions for profit.
Description of balance scorecard:
Industry and business, along with the public sector and the private sector, and the use of these
standards to improve the business in line with the strategy and vision Organisation also use these
values to improve internal and external communications. Pilots use this scale to measure the
performance of the overall strategic objectives i also known as the performance management
system, which is used to increase the non - financial performance measurement. (Kaplan, Norton

and Rugelsjoen 2010) use the results of these indicators leaders get a more balanced picture of
the organization with respect to the objectives. In this context, used in strategic planning.
Management accepts only the idea of performance, but also the measures that must be taken to
improve the current level of performance. The current strategy is implemented with the help of
this value.
Kaplan and Norton have measured the extent of tickets as a model for traditional economic
considerations. Performance card used in preparing the financial plan for future investments.
(Hoque, 2014)
Perspectives: four separate areas using the correct values to provide a way to make progress
these four successful. Four legs including learning, growth, business processes, financial and
customer. By the factory is four semesters, the collection and analysis of intelligence and
development of values. (Tjader May, Shang, Vargas Gao, 2014)
Learning and growth perspectives: It includes training of staff to adopt a point of view
this company’s culture companies and changing attitudes in order to achieve common objectives:
growth. Aspects of corporate culture encourage their employees during training and improve the
company's additional self-esteem. In the current situation in the market for business growth

through information. It refers to the spirit of the data and processes that need to improve human
resources . In the current climate, technological developments have increased the professional
efficiency of employees or groups within the organization for continuous improvement. lead to
improved practice growth directed by Kaplan (Kaplan, Anderson, 2013) by increasing
awareness of high - tech devices can be placed in improving performance and reducing conflicts.
By addressing the technical aspects of the learning process can be enhanced to improve
performance.
Business Process: internal processes of the companies mentioned in this stage of the Balanced
Scorecard. The index is based on this view, and is mainly used to manage processer such as
customer needs, and how it works business, production and development of service
requirements, and other managers to identify internal processes, in particular the measures taken.
The customer 's point of view: The importance of the needs of the main customer target
group members. More customer-oriented business. Customer satisfaction is manager to create
success. (Tyler, 2010) is a clear perspective in improving the organization's performance to meet
poor market performance may pose a threat to the company. The poor performance of this view
has been transferred, the main measure of future decline in business. What type or types of
business processes that use the services or products you provide, and the kind of customer
service that is used to analyze the value of customer satisfaction.
I. How it can be used to identify and respond to financial problems
Financial perspective:: Database program in financial indicators for companies. A database
designed to be economically Kaplan and Norton makes automatic and the risks and benefits of
effective design in terms of cost and itching. This can be the concept of economic analysis.
Necessary financial information to improve business processes. (Tyler, 2010)
Strength of balance scorecard:
Balance card performance other power measures. Values represent individual targets of the
company's graph. Short balance provides an opportunity to bridge the gap between organizations
in their daily work and thought. Card balances further innovation and process improvement

processes. Customer requirements are the same for service and product development through the
four perspectives. Balancing business card performance strategies to achieve business goals.
Different business goals and objectives are related sales targets for marketing use of
performance card these relationships with appropriate measures. (Asosheh, Nalchigar and
Jamporazmey 2010) financial objectives and their relationship to profit growth in accurately
measured in the Balanced Scorecard sales. Degree card balance is a simple process that can be
used for tools Klot.cl perspective appropriate feedback and implementation of strategic planning
and management. Balance scorecard performance original goals in the process. Only the
performance card method also provides economic information about other aspects of
environmental and social aspects and combining them.
II. How it can be used to improve financial governance and development of effective
The time has been neglected which balance the control card. In terms of cause and effect, the
values of the balanced performance card are ignored. Time to work, and allowed effective
relationships for them to leave, resulting in a ready battle. The control panel also lacks
confirmation. Areas can be specified values information or data cannot perform any validation of
the data performance card because the value cannot produce the necessary information. Balanced
Scorecard does not put any mechanism to apply a pointer to make sure that the values are lost.
There is a conflict in different parts of the BSC Balanced Scorecard lacks integration and
operational level management. (Send, Granlund and Brown, 2010) This leads to the lack of
administrative obstacles. The lack of integration has led to restrictions on the use of a low level.
This leads to the failure of strategic planning. The contrast between different levels of
organization leads to complex card performance protection processes. The biggest drawback is a
balanced performance card is that it mainly focuses on the internal aspects of the organization. A
balanced scorecard cannot provide sufficient information on freedom of movement from
competition. Management must assess the impact of environmental factors other credit card
applications. Contributors have a small role listed in the Balanced Scorecard views. The concept
is not large BSC enough to deal with corporate responsibility. (Send, Granlund, Brown, 2010)
Findings

In the current situation, the performance card will face certain problems beautifully compared to
other similar methods. It has been used for operations the above can be concluded that even if the
program is balanced scorecard has some problems with the legal requirements for public and
private companies. The shortcomings in the use of balanced performance card for environmental,
social and economic resources can be controlled to improve this.
Conclusion:
The report indicates that the planning period is important for the success of the business
strategy . The report focuses describes an analysis of different measures and the needs and
objectives of the budget performance report and on the methods used for the preparation of the
budget, which depends on the educational institution. The report also said the liquidity position
in ABC Limited and a number of standard price. The graph shows the data contained in the
report.

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