Managerial Accounting
Background: You are recently employed as a graduate consultant in a management consultancy firm and are assigned to a team. One of your firm’s clients is currently evaluating its budgeting system. The CEO of your client had recently attended a seminar on Balanced Scorecard (BSC) in private companies and would like to know whether BSC is suitable to the company. Your manager has asked your team to prepare a report for the client.
Required: Your group is required to prepare a report to of your group’s choice (your firm’s client). The report should cover the followings: comment on the suitability of BSC for a company
a) A description of your firm’s client
b) A description of the BSC and its features
c) In what ways BSC is different from traditional performance measurement systems
d) A discussion on whether the BSC is suitable to your firm’s client