{"id":15547,"date":"2024-03-16T03:11:50","date_gmt":"2024-03-16T03:11:50","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/using-accounting-information-for-decision-making-performance-report-and-the-balanced-scorecard\/"},"modified":"2024-03-16T03:11:50","modified_gmt":"2024-03-16T03:11:50","slug":"using-accounting-information-for-decision-making-performance-report-and-the-balanced-scorecard","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/using-accounting-information-for-decision-making-performance-report-and-the-balanced-scorecard\/","title":{"rendered":"USING ACCOUNTING INFORMATION FOR DECISION MAKING\u2014PERFORMANCE REPORT AND THE BALANCED SCORECARD"},"content":{"rendered":"<h1 style=\"margin: 20px 0px 0px; padding: 5px; line-height: 30px; cursor: auto;\"><span style=\"cursor: auto; color: inherit;\"><font size=\"5\"><b>PERFORMANCE REPORT AND THE BALANCED SCORECARD<\/b><\/font><\/span><\/h1>\n<div><span style=\"cursor: auto; color: inherit;\"><\/p>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\">For this Assignment, you will continue in your role of a consultant to provide information about using accounting information for decision making to a fictional organization so it can better prepare for the future. Last week, you submitted the first of two reports on financial information and budgeting. This week, you will submit the second report, which will focus on performance reports and balanced scorecards.<\/p>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\"><b>To prepare for this Assignment:<\/b><\/span><\/p>\n<ul style=\"margin-right: 0px; margin-bottom: 6px; margin-left: 25px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">Download the Week 2 Part 1 Assignment Template.<\/li>\n<li style=\"cursor: auto; color: inherit;\">Download the Week 2 Part 2 Assignment Template.<\/li>\n<li style=\"cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\">will provide part of the data to complete the calculation for this week\u2019s Assignment. To access that information, refer to<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><a style=\"cursor: auto;\">Doc Sharing<\/a><span style=\"cursor: auto; color: inherit;\">.&nbsp;<\/span><\/li>\n<\/ul>\n<div><\/div>\n<div>\n<div style=\"margin: 0px 0px 20px; cursor: auto; color: inherit;\">\n<h3 style=\"margin: 10px 0px 30px; padding: 0px 60px 0px 20px; line-height: 35px; cursor: auto;\"><font size=\"4\"><b><span style=\"background-color: var(--color-6); color: var(--color-1); font-family: Poppins, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-variant-ligatures: inherit; font-variant-caps: inherit;\">ANALYZING THE PERFORMANCE REPORT\u2014PREPARING A FLEXIBLE BUDGET<\/span><br \/><\/b><\/font><\/h3>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n<div><font size=\"4\"><b><span style=\"cursor: auto; color: inherit;\"><\/span><\/b><\/font><span style=\"cursor: auto; color: inherit;\"><\/p>\n<div>\n<div style=\"margin: 0px 0px 20px; cursor: auto; color: inherit;\">\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\">For the first part of your report, you will examine a performance report based on the static budget about which the owners are very concerned. They feel that the unfavorable variances that are reflected in the report indicate an area that needs to be addressed, but they are looking to you for a better understanding and concurrence. To access this performance report, refer to the data that your Instructor provided in<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"cursor: auto;\">Doc Sharing<\/a><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>for this week\u2019s Assignment.<\/p>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\"><b>To complete this part, address the following:<\/b><\/p>\n<ul style=\"margin-right: 0px; margin-bottom: 6px; margin-left: 25px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">Using the Week 2 Part 2 Assignment Template and the data provided by your Instructor in the<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"cursor: auto;\">Doc Sharing<\/a><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>area, prepare a performance report that includes a flexible budget.\n<ul style=\"margin-right: 0px; margin-left: 25px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\"><strong style=\"font-weight: bold; cursor: auto; color: inherit;\">Note:<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/strong>In addition to submitting your work in Excel, you will insert your performance report into your main document.<\/li>\n<\/ul>\n<\/li>\n<li style=\"cursor: auto; color: inherit;\">In your report, analyze why the original report was incorrect and explain the conclusion you reached based on the performance report.<\/li>\n<li style=\"cursor: auto; color: inherit;\">Then identify at least three questions regarding the performance report and include a rationale for why you asked each question.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div>\n<div style=\"margin: 0px 0px 20px; cursor: auto; color: inherit;\">\n<div style=\"margin: 0px 0px 20px; cursor: auto; color: inherit;\">\n<h3 style=\"margin: 10px 0px 30px; padding: 0px 60px 0px 20px; line-height: 35px; cursor: auto;\"><font size=\"4\"><b>THE BALANCED SCORECARD<\/b><\/font><\/h3>\n<div>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\">One of the owners read recently that the balanced scorecard is a strategic-based performance management system and is wondering if it would be beneficial to implement a balanced scorecard approach. For the second part of your report, you will provide an analysis of how using the balanced scorecard can benefit the company. To complete this part, address the following:<\/p>\n<ul style=\"margin-right: 0px; margin-bottom: 6px; margin-left: 25px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">Explain how the balanced scorecard communicates strategy and provide examples.<strong style=\"font-weight: bold; cursor: auto; color: inherit;\"><\/strong><\/li>\n<li style=\"cursor: auto; color: inherit;\">Examine the four quadrants on the balanced scorecard, how they are related, and what their impact is on financial performance.<\/li>\n<\/ul>\n<p><br style=\"cursor: auto; color: inherit;\"><\/div>\n<div>\n<div style=\"margin: 0px 0px 20px; cursor: auto; color: inherit;\">\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\"><strong style=\"font-weight: bold; cursor: auto; color: inherit;\">Submit<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/strong>your completed business report and accompanying Excel file. Your report should be 3 pages in length (excluding title page and references) and should address the following:<\/p>\n<\/div>\n<div style=\"margin: 0px 0px 20px; cursor: auto; color: inherit;\"><br style=\"cursor: auto; color: inherit;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"margin: 0px 0px 20px; cursor: auto; color: inherit;\"><br style=\"cursor: auto; color: inherit;\"><\/div>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PERFORMANCE REPORT AND THE BALANCED SCORECARD For this Assignment, you will continue in your role of a consultant to provide information about using accounting information for decision making to a fictional organization so it can better prepare for the future. Last week, you submitted the first of two reports on financial information and budgeting. This [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[44],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/15547"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=15547"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/15547\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=15547"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=15547"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=15547"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=15547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}