You are recruited as a management accounting consultant to advise “Boot it in United”, a premier league football club near to relegation.
Critically evaluate Kaplan and Nortons’ Balanced Scorecard and indicate how it could be used at “Boot it in United”. Discuss the issue of player’s salaries being greater than the gate income and suggest some ways that costs can be controlled in the club. Include a critical evaluation of Target Costing and state whether this could be a useful tool to use or not.
Critically evaluate Kaplan and Nortons’ Balanced Scorecard and indicate how it could be used at “Boot it in United”. Discuss the issue of player’s salaries being greater than the gate income and suggest some ways that costs can be controlled in the club. Include a critical evaluation of Target Costing and state whether this could be a useful tool to use or not.
Discuss how the addition of a management accountant can add value to “Boot it in United”.
