Essay Instructions: The task is to design an internal performance evaluation system. Refer to reference material throughout the course and feel free to do additional research as needed.
Write a memo to the CEO outlining the performance criteria, the reasons for selecting the included criteria, and both advantages and disadvantages of stated criteria and the system as a whole.
Additional guidance:
State the industry or type of company for which you are designing the system.
Financial information must be part of the evaluation, but does not have to be the only criteria.
What is the main purpose of the evaluation system?
How will the performance evaluation system benefit the organization?
How will the performance evaluation system benefit managers being evaluated?
Does the organization have the needed data in place, or would the proposed system involve creating new classifications and/or reports?
It is important to answer the questions as posed. The discussion should be 5 pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheets when computations are involved.
References:
DeBusk, G. K., DeBusk, C. 2011. Has your accounting department evolved?: Accounting and the use of lean six sigma. Cost Management. Boston: May/Jun 2011. Vol. 25, Iss. 3; pg. 15.
Gjerde, Kathy A. Paulson and Hughes, Susan B. (2007). Tracking performance: when less is more Management Accounting Quarterly. Retrieved from http://www.imanet.org/PDFs/Public/MAQ/2007_Q4/2007MAQ_fall_hughes.pdf.
Khan, M. H., Halabi, A. K., Sartorius, K. 2011. The use of multiple performance measures and the balanced scorecard (BSC) in Bangladeshi firms. Journal of Accounting in Emerging Economies. Bingley: 2011. Vol. 1, Iss. 2; pg. 160.
Martin, J. R. (n.d.) Management Accounting: Concepts, Techniques, and Controversial Issues - Chapter 13: Profit Analysis: An Overall Performance Evaluation. Retrieved from http://maaw.info/Chapter13.htm
Mudde, Paul A. and Sopariwala, Parvez R. (2008). .Examining Southwest Airlines' strategic execution: a strategic variance analysis. Management. Accounting Quarterly. Retrieved from http://www.thefreelibrary.com/Examining+Southwest+Airlines'+strategic+execution%3A+a+strategic...-a6
Taticchi, Paolo, Balachandran, Kashi R., Botarelli, Marco, and Cagnazzo, Luca, (2008). Performance Measurement Management for Small and Medium Enterprises: an Integrated Approach. Journal of Applied Management Accounting Research: SPECIAL ISSUE ON PERFORMANCE MANAGEMENT SYSTEMS, 6(2), 57-71.
Walther, l. (2012). Chapter Twenty-Two. Tools for Enterprise Performance Evaluation. Retrieved (including video lecture) from http://www.principlesofaccounting.com/
Kihn, L. A. 2010. Performance outcomes in empirical management accounting research; Recent developments and implications for future research. International Journal of Productivity and Performance Management. Bradford: 2010. Vol. 59, Iss. 5; pg. 468.