Extended Tool of Standard Costing Variance Analysis

Balanced Scorecard
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S Ramanathan

Extended Tool of Standard Costing Variance Analysis

BSC contains many interesting features and serves as an extended tool of standard costing variance analysis in broader perspective, encompassing financial and marketing aspects to shape the company's strategy towards growth and prosperity.

  Steve Balogun
 

Historical Financial Reporting > BSC

I agree with S. Ramannathan from India. He summarized the whole concept of the Balanced Scorecard.
But I will also add that the present historical financial reporting should totally give way to BSC in a serious minded organisation.

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