THE ROLE OF BALANCED SCORECARDS IN COST MANAGEMENT ACCOUNTING
Abstract
The study explores the integration of the Balanced Scorecard (BSC) framework in cost management accounting to align strategic objectives with financial goals. By analyzing BSC's multiple perspectives—financial, customer, internal business processes, learning and growth—the thesis demonstrates how organizations can optimize costs while maintaining operational efficiency. Case studies and hypothetical simulations illustrate its applicability in cost tracking, resource allocation, and decision-making. The findings suggest that BSC enhances cost visibility, strategic alignment, and overall performance.
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