TAILIEUCHUNG - Lecture Cost management: A strategic emphasis (6/e) - Chapter 18: Strategic performance measurement

Chapter 18 - Strategic performance measurement: cost centers, profit centers, and the balanced scorecard. In this chapter, the learning objectives are: Identify the objectives of management control; identify the types of management control systems; explain the objectives and applications of strategic performance measurement in three common strategic business units: cost centers, revenue centers, and profit centers; | Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard Chapter Eighteen McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. 18-2 Identify the objectives of management control Identify the types of management control systems Explain the objectives and applications of strategic performance measurement in three common strategic business units: cost centers, revenue centers, and profit centers Learning Objectives 18-3 Learning Objectives (continued) Explain the role of variable costing and full costing in evaluating profit centers Explain the role of the balanced scorecard in strategic performance measurement 18-4 Performance Measurement and Control Performance measurement is the process by which managers at all levels gain information about the performance of tasks within the firm and judge that performance against pre-established criteria as set out in budgets, plans, and goals Top management, middle management, and operating-level personnel should be evaluated Management control refers to the evaluation by upper-level managers of the performance of mid-level managers 18-5 Performance Measurement and Control (continued) Operational control means the evaluation of operating-level employees by mid-level managers Management control focuses on higher-level managers and long-term strategic issues (a broader objective), while operational control focuses on detailed short-term performance Operational control is a management-by-exception approach while management control is more consistent with the management-by-objectives approach 18-6 Performance Measurement and Control (continued) Management Control Operational Control Financial Management Operations Management Marketing Management Plant A Plant B Region B Region A Chief Executive Employee 1 Employee 2 Employee 3 Employee 4 18-7 Management-by-Objectives In a management-by-objectives approach, top management assigns a set of responsibilities to

• Quản trị kinh doanh
• Cost management
• Cost systems
• Operational performance measurement
• Strategic performance measurement
• Cost centers
• Profit centers
• Management control systems
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Lecture Cost management
• Cost management information
• Financial reporting
• Resource capacity management
• Indirect cost variances
• Cost allocation
• Cost allocation bases
• Cost estimation
• Cost estimation methods
• Ebook Management and cost accounting
• Management and cost accounting
• Management accounting
• Cost assignment
• Process costing
• Cost volume profit analysis
• Project management
• Lecture Project management in practice
• Project cost management
• Project perspective
• Cost management plan
• Cost versus expenses
• Cost volume profit
• Short term profit planning
• Cost planning
• Product life cycle
• Direct cost variances
• Nonfinancial performance measures