Technical article - Decentralisation and the need for performance measurement Flashcards Preview

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Flashcards in Technical article - Decentralisation and the need for performance measurement Deck (7)
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1

What is the managers area of responsibility for a cost centre?

Decisions over cost

2

What is the managers area of responsibility for a profit centre?

Decisions over costs and revenue

3

What is the managers area of responsibility for an Investment centre?

Decisions over costs , revenues and assets.

4

What is a typical performance measure for a cost centre?

Standard costing
Variance analysis

5

What is a typical performance measure for a profit centre?

Controlable profit
Profit margins etc

6

What is a typical performance measure for an Investment centre?

ROI
RI

7

What are the four aspects of the balanced scorecard?

Financial
Customer
Internal process
Learning and Growth