Management accounting and the shortcomings of current performance measurement systems

Askarany, D; Yazdifar, H

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.

• Journal Article Type: Article
• Acceptance Date: Dec 30, 2016
• Online Publication Date: Jan 15, 2017
• Publication Date: Jan 15, 2017
• Deposit Date: May 31, 2017
• Publicly Available Date: May 31, 2017
• Journal: International Journal of Accounting Research
• Electronic ISSN: 2472-114X
• Publisher: OMICS International
• Volume: 5
• Issue: 1
• DOI: https://doi.org/10.4172/2472-114X.1000146
• Publisher URL: http://dx.doi.org/10.4172/2472-114X.1000146
• Related Public URLs: https://www.omicsonline.com/open-access/international-journal-accounting-research.php