Stellenbosch University Accounting Balanced Score Card & Budgeting Q&As

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WT20711255

Business Finance

Stellenbosch University

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Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. Page 1 of 2 Assignment Question(s): (5.0 Marks) Q1. Balanced score card is considered one of the innovated accounting tool to measure the performance from different perspectives to improve the performance. Kindly, develop a balance scorecard for any manufacturing company in the kingdom explaining the cause and effect relationship among the performance measures under all dimensions. (2.5 marks) Answer: Note: Students’ answers vary Q2. Budgeting is an accounting tool for planning and controlling purposes. Kindly, prepare using your own numbers the following operating budgets for any quarter :.( 2.5 marks) 1- Sales budget. 2- Production budget assuming beginning inventory and ending inventory. 3- Raw material budget assuming beginning and ending inventory. 4- Direct labour budget. 5- Manufacturing overhead budget. Answer: Note: Students’ answers vary Page 2 of 2
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Question 1
Financial Perspective
Assuming we get the success we, look
forward to, how are considering the
shareholders?

Measures
Value of Shareholder
Growth
Profitability

Customer’s Perspective
Assuming we reach to our vision, what’s the
customer’s best considerations?

Measures
Quality assured
Service provided
Pricing

Internal Perspective
Assuming all our customers are satisfied,
which are the best processes to use?

Measures
Level of productivity
Pricing and cost
Cycle time...


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