Several tools can be used to provide information to managers for
decision-making purposes. a Balanced scorecards are “a management
report that measures four dimensions of organizational performance:
financial, internal operations, innovation and learning, and customer
perspectives” (Romney, 2020). The balanced scorecard is made up of
four sections and it contains comprehensive goals and data from the
past as well as the future. a “The balanced scorecard, like all
scorecards, is created periodically and provides management with a
means to evaluate past performance” (Romney, 2020). Essentially,
this tool enables companies (and especially managers) to periodically
monitor and measure the success of their strategies to determine
performance.
One of the four perspectives of the balance scorecard is financial
related. a Organizations have goals of having return on investments.
“The goals can be achieved by satisfying the needs of all players
involved with the business, such as the shareholders, customers, and
suppliers” (CFI Team, 2022). a Sometimes there are needs for reports
more often than periodically, thus a different AIS tool would probably
be a better fit than the financial scorecards in that type of situation. a
References:
CFI Team. (2022, November 28).
Balanced scorecardC
. Corporate
Finance Institute. Retrieved December 22, 2022, from
https://corporatefinanceinstitute.com/resources/management/balan
ced-scorecard/
Romney, M. B., Steinbart, P. J., Summers, S. L., & Wood, D. A. (2020).
Accounting Information Systems.
Pearson
