This is from the "Accounting Makes Cents" podcast episode #4 released on Monday, 10 January 2022. In today’s episode, we will be discussing a performance management tool that’s been around for a very long time, one that is certainly quite popular in CIMA exam circles. And that is the Balanced Scorecard or BSC for short. … Continue reading Podcast Episode 4: The Barista and the Balanced Scorecard
Tag: Performance pillar
TARA with a Chance of Rain
This should come as no surprise. All companies face risks. I think we'd be hard-pressed to find a business operation that has not encountered uncertainty in any of its activities. I think it's very natural to associate uncertainty as a bad thing. But the truth of the matter is, not all risks are bad. There are … Continue reading TARA with a Chance of Rain
Variance Analysis – Part 5
I debated about writing this post. I had thought that maybe 4 parts discussing the different variances and their analyses were long enough. But then, I had a change of heart. Somehow 5 parts seem to be a rounder figure to end off a series. MJ the tutor presents her 5-part "Variance Analysis" series...ta-da! It … Continue reading Variance Analysis – Part 5
Variance Analysis – Part 4
If you've been following the "variance analysis" series, then you've already learnt how to calculate the following: Sales variances and direct material variances Labour variances Overheads variances So far, all the calculations we've been doing show us variances between actual and budget. These are known as operational variances. For today, we shall try our hand … Continue reading Variance Analysis – Part 4
Variance Analysis – Part 3
Now that we've dealt with the direct material and direct labour parts of production, what about looking at overheads? Of course, we have variance calculations for overheads as well. We even split it up between fixed and variable overheads. Let's now make it more challenging and do both fixed and variable overheads in the same … Continue reading Variance Analysis – Part 3
MJ THE TUTOR 