Management Accounting and the Shortcomings of Current Performance Measurement Systems

Askarany D, Yazdifar H (2017) Management Accounting and the Shortcomings of Current Performance Measurement Systems. Int J Account Res 5: 146. doi:10.4172/2472-114X.1000146

3 Pages Posted: 24 Jul 2017

See all articles by Davood Askarany

Davood Askarany

University of Auckland Business School

Hassan Yazdifar

University of Salford - Salford Business School

Date Written: July 20, 2017

Abstract

Balanced Scorecard (BSC) is one of the most talked about performance measurement systems in the management accounting literature in the past two decades. In this paper, we argue that the BSC has failed to perform as a comprehensive performance measurement systems though it focuses on both financial and non-financial indicators. By presenting a historical review of the BSC, we explore the key shortcomings of the BSC and discuss the steps which have been taken to address the shortcomings of the BSC since its introduction in the 1990s. And finally, we present our research findings regarding the shortcomings of the BSC in practice.

Keywords: Balanced scorecard; Risk; Stakeholders’ Rights; Performance measurement; Diffusion of innovation

Suggested Citation

Askarany, Davood and Yazdifar, Hassan, Management Accounting and the Shortcomings of Current Performance Measurement Systems (July 20, 2017). Askarany D, Yazdifar H (2017) Management Accounting and the Shortcomings of Current Performance Measurement Systems. Int J Account Res 5: 146. doi:10.4172/2472-114X.1000146, Available at SSRN: https://ssrn.com/abstract=3005879

Davood Askarany (Contact Author)

University of Auckland Business School ( email )

12 Grafton Rd
Private Bag 92019
Auckland, 1010
New Zealand

Hassan Yazdifar

University of Salford - Salford Business School

University of Salford
M5 4WT Salford, Lancashire M5 4WT
United Kingdom

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