WEEK 8 BA 510 FINAL WEEK

WEEK 8 BA 510 FINAL WEEK

a. .Discussion: Balanced Scorecards

- Why does the balanced scored card include financial perform measures as well as measures of how well internal processes are doing?

b. Select 1 and write 1 -1/2 page

EXERCISE:  1   Perform an Internet search using the term:

-          Flexible budgets

-          Locate an Article (less than 1 year old)

-          Write a brief 3 – 5 paragraph.

Flexible Budget – it include formulas that adjust expenses based on changes in actual revenue  or other activities. It calculates different expenditure levels for variable costs, depending upon changes in actual revenue.

Advantages:

a.       It is a good tool for evaluating the performance of managers.

b.      It is planning tool

Disadvantages

a.       Many cost are not fully variable, instead having affixed cost component that must be derived and then included in the flex budget formula.

b.      Great deal of time are spent developing step costs, which is more time than the typical accounting staff has available, especially when the midst of creating the mmore