The purpose of this paper is to recommend how to implement a world-class managerial accounting and reporting system. My employer has indicated the current system is not working and profits are down. The first step in implementing a new managerial accounting system is to develop a balanced scorecard. The scorecard uses critical success factors that lays out a strategy map to be used in a company’s success (Blocher, Cokins, Juras, & Stout, 2013). By measuring profitability, market value, quality…
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