Accounting lag: the obsolescence of cost accounting systems
Article Abstract:
Contemporary changes in the organization and technology of manufacturing operations have caused the traditional, direct-labor focused, cost accounting system to be a less useful summary of a company's manufacturing operations. A select set of manufacturing firms, leaders in both high-technology growth industries and highly efficient innovative producers in mature industries, were visited in order to learn what changes were being made in their accounting, measurement, and control systems to support the current emphasis on new product and manufacturing technologies. While each firm was making significant changes in its manufacturing processes, comparable changes were not occurring in its accounting and control systems - except, perhaps, on a preliminary and experimental basis. This article concludes with some conjectures as to whythe pace of innovation in management accounting systems is lagging behind the rate of change in the organization and t echnology of manufacturing operations. (Reprinted by permis sion of the publisher.)
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 1986
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Linking the balanced scorecard to strategy
Article Abstract:
The Balanced Scorecard was developed to measure both current operating performance and the drivers of future performance. Many managers believe they are using a Balanced Scorecard when they supplement traditional financial measures with generic, non-financial measures about customers, processes, and employees. But the best Balanced Scorecards are more than ad hoc collections of financial and non-financial measures. The objectives and measures on a Balanced Scorecard should be derived from the business unit's strategy. A scorecard should contain outcome measures and the performance drivers of those outcomes, linked together in cause-and-effect relationships. (Reprinted by permission of the publisher.)
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 1996
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Point of view: expensing employee stock options is improper accounting
Article Abstract:
The adoption of new accounting method by Financial Accounting Standards Board for employee stock options is critically analyzed on the grounds of improper accounting.
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 2006
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