Advanced Managerial Accounting - Creat Scorecard - Essay Example

UAE Balance scorecard UAE Balance Scorecard Beneficiary objectives Strategies Strategic priorities Measures Targets Initiatives StudentsFinancialCustomerInternal business perspectiveLearning and growthTeaching technologyTeachingProvision of hostels with breakfast, lunch and supperFree transportation to lecture hallsUniversity iPodsData shows and smart boardsAACSB AccreditationGovernment feesLibraries and small supermarkets in each hostelFree wireless connectionObjectivesFinancialThe university is well endowed with financial resources, which will enhance the achievement of its core objectives.

The institution obtains financial support from the government and students. The government provides development funds to the institution while the student fees are partly used for recurrent expenditures and developmental purpose.CustomerThe customer focus is essential in the learning process within the university. The students require quality services given that they represent the customer in this setting. Quality service delivery promotes good student-university relations. The co-operation leads into an increase in the overall performance of the university.

The Internal Process PerspectiveThe university must indulge in innovative and inventive processes in order to utilize the available opportunities for improvement. For instance the application of technology in the student management and the learning process is a noble move. The technological application in learning is laudable and it boosts the innovation within the institution.Learning and GrowthThe learning and growth entails the process through which change is adopted in the institution. The change takes the form of new policies, strategies and regulations in the institution.

It takes time for the change to be understood and adopted by the institution stakeholders. The balance scorecard tailors all the business activities to organizational vision and mission through a management system. The system enhances the improvement of the internal system of an organization. Additionally, the framework monitors the organizational performance regarding the goals and objectives of the firm. The non-financial variables are also part of the performance framework to create a balanced view of the affairs of an organization (Makhijani and Creelman, 2011).

The inclusion of the financial and the non-financial aspects of an organization create a balance on the general view of an entity.Teaching technologyTeaching technology should be applied in the process of learning. The university has mane plans on the purchase of sufficient iPods for learning. The university also utilizes student information system, which helps in the management of the student services ensures that the customization of the services and products offered to the students. He provision attracts many students, which leads to a high number of enrollments per year.

Different students in the University of UAE need different levels of comfort. For that reason, application of technology in learning promotes diversity and accommodativeness.Student use of iPods graph:TeachingTeaching helps in the inculcation of skills on various careers in students. The exercise culminates in the promotion of literacy in society. The teaching staff in the university should be qualified in their fields of teaching. Therefore, it is incumbent upon the lecturers to undertake appropriate training to fit in the teaching exercise.

Strategic PrioritiesThe strategic priorities for the university include the provision of hostels with guaranteed breakfast, lunch, and supper for all the university students. The priority enables students to have a favorable environment for studies given that students will not concentrate without meal provisions. The fully equipped hostels also provide a favorable environment for the students instead of seeking external hostels, which do not guarantee all the meals. The provision of free transportation for the students from their hostels to lecture hall and back is a strategic move to discourage any student absenteeism.

The strategy also serves as a motivation factor for the students given that it saves the students the cost of commuting to lecture halls. The strategy also helps the students to manage time prudently.MeasuresThe university focuses on the adequate provision of university iPods to the students in order to enhance the learning process. The use of iPods among the students enables the students to embrace technology in a learning setting (Makhijani and Creelman, 2011). It also makes learning exciting for the students and tutors.

The data-show and smart-boards help in the presentation of learning information in a systematic manner.TargetsThe university aims at maintaining the AACSB Accreditation, given its past outstanding performances. The accreditation earns the university good reputation. As a result, many potential students from the university are attracted and encouraged to enroll in the higher institution of learning. The performance accreditation is an icon of excellence for an institution (Makhijani and Creelman, 2011).

For that reason, the university considers such achievement a great feat. The institution also aims at maintaining the government fee provision for all its students. In this regard, the university ensures compliance to government rules and regulations, and ensures that the students enjoy the government subsidies for posterity.InitiativesThe institution has undertaken many initiatives, including the establishment of small libraries and small super-markets in every hostel. The initiative enables the students to access learning material any time they want.

The initiative encourages the students to learn and research on various subjects of concern. The supermarkets enhance accessibility to basic items, hence saving time for travelling to far processes to shop for the items. The university also offers free Wi-Fi connectivity for the students. The initiative encourages e-learning.ReferencesMakhijani, N. and Creelman, J. (2011). Creating a balanced scorecard for a financial Services organization. Singapore ; Hoboken, NJ : Wiley.