Management accounting: Information for creating and managing value (4/e): Chapter 14 - Kim Langfield-Smith, Helen Thorne
Management accounting: Information for creating and managing value (4/e): Chapter 14 - Kim Langfield-Smith, Helen Thorne
Chapter 14 - Contemporary approaches to measuring and managing performance. In this chapter, we explain that many organisations use performance measurement systems that go beyond the measurement of financial performance. These contemporary approaches to performance measurement may entail placing a greater emphasis on non-financial measures, implementing balanced scorecards and using benchmarking techniques to better manage resources, and hence, improve performance.