Solution of Problem Relating Implementing A Balanced Scorecard

Today ( 6 /11/2009 ) , I found  the email from one student who want to take my help to solve 6 questions relating to cost accounting . 
He sent me Pdf  file of  all accounting problems .  After downloading the pdf
  file , I have read his questions . Now , I have taken his first question's first first sub-question. Actually , this is relating to strategic management  but because cost accounting and finance also helpful for  making effective strategy , then , I thing it has include. Read it first this question

In this question , The Rev . Paul Harison is a social worker but  he need accounting expert who can tell him how to  effective utilize the shelter and its space at the lowest  cost .  From some resource he has listened about the balanced scorecard . Now , he is interested to know its estimated cost and benefits , if he implementing a balanced scorecard .

Dear , first of all , I am telling briefly about balanced scorecard . The balanced scorecard  is a strategic  management  technique for effective utilization resources in the field of finance , education and marketing  and NGO works .

Suppose , If you have to implement the balanced scorecard  in the field of  finance , you need the services of finance specialist who will find following and analysis . So , cost is only the service charges of finance specialist .

1. Return On Investment

2. Cash Flow

3. Return on Capital Employed

4. Financial Results (Quarterly/Yearly)
If it is implemented in above case , then
Cost will be only the organisation from which you have taken the services , that organisation will all charge him on the basis of no. of team members and time of team activities and other software cost .
Benefit  will be in the form of effective utilization of resources , increase the amount of donation .

I think , second part of question can tell the specialize person from whom you will  contact for implementing balanced scorecard tool .


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Accounting Education: Solution of Problem Relating Implementing A Balanced Scorecard
Solution of Problem Relating Implementing A Balanced Scorecard
Accounting Education
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