TAILIEUCHUNG - Lecture Managerial accounting - Chapter 11: Performance evaluation revisited

Chapter 11 - Performance evaluation revisited. After studying this chapter you will be able to understand: Performance evaluation revisited and expanded, the balanced scorecard, benchmarking, measures of meeting delivery expectations. | CHAPTER © jsnyderdesign / iStockphoto 11 PERFORMANCE EVALUATION REVISITED WHAT’S UP AT C&C? Several changes to implement in the coming year with the hope of improving profitability Managers have a habit of waiting to see the final income statement before assessing operations Managers need to be more proactive, but they don’t know how PERFORMANCE EVALUATION REVISITED AND EXPANDED Unit 11 1 . Unit Unit © Tomwang112 / iStockphoto TWO TYPES OF MEASURES Lagging indicators Measurement occurs after action has occurred Leading Indicators Useful in predicting future performance through a cause-and-effect relationship Gives time to take corrective action Need to use a combination of lagging and leading indicators CAN LAGGING BECOME LEADING? TEST SCORE LEVEL OF STUDYING COURSE GRADE FINANCIAL AND NONFINANCIAL MEASURES Financial The traditional way of measuring success Based on accounting results Objective in nature Nonfinancial Not based on accounting results May be more .

• Kế toán - Kiểm toán
• Managerial accounting
• Lecture Managerial accounting
• Process costing
• Standard costing systems
• Performance evaluation revisited
• Balanced scorecard
• Managerial accounting for managers
• Profitability analysis
• Decision making
• Operations management majors
• Nonmanufacturing costs
• Classifications of costs
• Kế toán quản trị
• Managerial accounting information
• General cost classifi cations
• Product costs
• Accounting information
• Managerial decision
• Process management
• Financial statement
• Cost concepts
• Managerial accounting basics
• Managerial cost
• Period costs
• Lecture Financial and managerial accounting
• Financial statements
• Managerial decisions
• Financial accounting
• Dynamic business environment
• Reporting manufacturing activities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Relevant costing
• Accounting activities
• Business activities
• Income statement
• Accounting cycle
• Accounting for merchandising operations
• Merchandising operations
• Capital budgeting decisions
• Time value of money
• Income taxes
• After tax cost