need to finish 1500 to 3000-word High-quality research-based management accounting Assignment in next 24hours

UNIT NAME: Strategic Management Accounting Written Assignment Information Introduction

Strategic Performance Measurement Systems (SPMSs) have long been

recognized as a crucial element for improving business performance.

Maxims such as “What Gets Measured Gets Done” reflect the view that

implementing appropriate SPMSs ensures that actions are aligned to

strategies and objectives.

The heavy focus on traditional accounting measures within the financial

services industry has been identified as the possible cause of many

problems within the industry, from the cause of the Global Financial Crisis

of 2007-2008 to other recent failures within the financial services sector.

Poorly designed performance measurement systems that focus solely on

short-term financial performance result in managers emphasising short-

term financial performance metrics, in the interest of current profitability,

to the detriment of endeavours that can result in long-term benefits,

including new product development, process improvement, human

resource development, information technology, and customer and market

development. Attempting to resolve the problem by supplementing

standard financial practices with additional indicators that can help a firm

evaluate its long-term performance, Kaplan and Norton introduce the

balanced scorecard to integrate these factors into the business performance

assessment of a company.

Research Activity

The Purpose

To undertake a search of the relevant literature to determine what are the

major issues related to the implementation of Strategic Performance

Measurement Systems (SPMSs), such as the Balanced Scorecard (BSC), in

the Financial Services Sector.

Task Outline

Choose one of the major banks in Australia, discuss their current1

Balanced Scorecard and provide comprehensive analysis on:

• • the benefits of BSC in reaching strategic objectives of that bank

• • the issues related to implementation of the BSC in that bank

• • common barriers to successful scorecard implementation in the Financial Services sector in general.

Your report should be written in fluent grammatical English. It should

include a bibliography of referenced sources. Internet resources used

should be acknowledged and fully referenced. All references and sources

must be properly acknowledged. A copy of the final assignment should be

retained by the author.

Submission Requirements • • The assignment MUST be lodged on or before the due date indicated in the assignment details.

Your assignment should be between 1,500 to 3,000 words.

• • If you have submitted the assignment electronically, please make sure you have a backup copy.

• • It is the student’s responsibility to ensure that the lecturer has received the assignment.

• • Coversheet is not required.

• • If you are using multiple files for your assignment, the document MUST be combined into one document, and the final file must be submitted in PDF format.

• • Resubmission as a general rule is NOT possible, however the Lecturer may ask for resubmission if it is deemed appropriate. Details for such resubmission will be made available by the Lecturer if, and when the situation occurs.

• • You MUST comply with assignment preparation and presentation guidelines outlined in this document. Failure to comply with these requirements will result in your assignment being

Plagiarism Your assignment will be automatically compared to work of your classmates, previous students from CDU and other universities, with material available on the Internet, both freely available and subscription-based electronic journals as well as texts and other sources. Plagiarism will be penalised and understand its implications. All sources of information and ideas used in assignments must be referenced. This applies whether the information is from a book, journal article, the internet, or a previous essay you wrote or the assignment of a friend.