Beyond Value Measurement. 1.Introduction. For Management

Beyond value measurement 1.Introduction For management accountants, they provide information for managers of an organization who direct and control its operations. In the management accounting report, analyze and assessment of value is an important part. It can affect stakeholders who make decisions of an organization and good and right evaluation can help them to get more benefits. At the same time, it is important to understand the cause and effect relationship of the value. Cause and effect relationship can help management accounts to analyze the value. And it is a priority for management accountants. 2.Core values As management accountants, the values which they offered not only financial and non-financial metrics. The values depend†¦show more content†¦After that, according to the information what they have to analyze values. In the end, this analyze may make shareholders obtain a benefit. 3.Value-based management (VBM) â€Å"The VBM framework extends these ideas to highlight the identification of the firm’s financial and non-financial value drivers, and the feedback loop from performance to the subsequent reassessment of objectives, strategies, and organizational design and control.† (Ittner, C. D. and D. F. Larcker, 2001). Value-based management is a kind of corporate governance principle and management approach that ensures corporations are managed consistently on long-term shareholder value creation. In normally, it can maximize shareholder value. An important part of VBM is deep understanding the key value drivers. It is a kind performance variant that will actually create the value of the business and any variable that affects the value of the company. For key value drivers, the understanding is crucial. An organization cannot act directly on the value. At the same time, the company has to act on things which value drivers can influence, like cost, overhead expense, and so on. In this part, cause-and-effect relationship plays a vital role. According to the cause-and-effect relationship, management accounts can correct analysis the value drivers which can affect the development of the company. In addition, the management of company basis the drivers of value to comprehend theShow MoreRelatedAs An Advanced Nurse Practitioner ( N-5747 Words   |  3 Pagesadvanced nurse practitioner (APN), one must understand that he or she is under constant scrutiny. The performance measurements of primary care providers include several asp ects that affect their practice and treatment outcomes. The purpose of this discussion post is to identify and evaluate an aspect of clinical performance measurement. Then, determine the utilization of these measurements for nurse practitioner (NP) productivity. 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