BALANCED SCORECARD INTEGRATION WITH ACTIVITY-BASED COSTING FOR ENHANCED COST MANAGEMENT
Abstract
This study explores the integration of the Balanced Scorecard (BSC) framework with Activity-Based Costing (ABC) to create a more effective approach to cost management. By combining the strategic focus of the BSC with the granular cost insights of ABC, organizations can align financial and operational decisions with long-term strategic goals. The research examines case studies and simulated data to illustrate how this integration enhances cost visibility, optimizes resource allocation, and improves decision-making. Findings indicate that the combined use of BSC and ABC improves cost efficiency and fosters better strategic alignment across various business processes.
References
1. Banker, R. D., Chang, H., & Pizzini, M. J. (2004). The Balanced Scorecard: Judgmental Effects of Performance Measures Linked to Strategy. The Accounting Review, 79(1), 1–23.
2. Horngren, C. T., Datar, S. M., & Rajan, M. V. (2015). Cost Accounting: A Managerial Emphasis. Pearson.
3. Ittner, C. D., & Larcker, D. F. (2003). Coming Up Short on Nonfinancial Performance Measurement. Harvard Business Review, 81(11), 88–95.
4. Kaplan, R. S., & Cooper, R. (1998). Cost and Effect: Using Integrated Cost Systems to Drive Profitability and Performance. Harvard Business School Press.
5. Kaplan, R. S., & Norton, D. P. (1992). The Balanced Scorecard: Measures That Drive Performance. Harvard Business Review, 70(1), 71–79.
6. Neumann, P. J., Goldie, S. J., & Weinstein, M. C. (2011). The Use of Cost-Effectiveness Analysis in Managed Care. American Journal of Managed Care, 6(7), 793–803.
7. Shafiee, M., Salehi, M., & Moghaddam, K. H. (2023). Integrating Balanced Scorecard and Activity-Based Costing for Sustainable Cost Management. Journal of Management Accounting Research, 35(2), 123–145.
1. Sheraliyeva, S. (2024). PHRASEOLOGIZATION OF WORD COMBINATIONS IN SCIENTIFIC DISCOURSE. TAMADDUN NURI JURNALI, 7(58), 128-132.
2. Шералиева, С. (2024). ФРАЗЕОЛОГИЗАЦИЯ СЛОВОСОЧЕТАНИЙ В НАУЧНОМ ДИСКУРСЕ. ТАМАДДУН НУРИ ЖУРНАЛИ, 7 (58), 128-132.
3. Sheraliyeva, S. A. (2024). THE ROLE OF PHRASEOLOGICAL UNITS IN HISTORICAL SCIENTIFIC WORKS. Oriental renaissance: Innovative, educational, natural and social sciences, 4(25), 113-121.
4. Шералиева, Ш. (2024). ПРОБЛЕМЫ ПЕРЕВОДА ФРАЗЕОЛОГИЧЕСКИХ ЕДИНИЦ В НАУЧНОМ ДИСКУРСЕ. TAMADDUN NURI JURNALI, 10(61), 255-257.
5. Шералиева, Ш. А. (2023). ТЕРМИНОЛОГИЗАЦИЯ ФРАЗЕОЛОГИЧЕСКИХ ЕДИНИЦ. Central Asian Research Journal for Interdisciplinary Studies (CARJIS), (3 (15)), 46-52.
6. Abdisalomovna, S. S. (2023). THE PHENOMENON OF PHRASEOLOGIZATION IN SCIENTIFIC DISCOURSE. Central Asian Research Journal for Interdisciplinary Studies (CARJIS), (5 (17)), 19-27.
7. Sheraliyeva, S. A. (2022). DINIY FRAZEOLOGIK BIRLIKLAR MADANIYATLARARO ALOQA VOSITASI SIFATIDA. Oriental renaissance: Innovative, educational, natural and social sciences, 2(Special Issue 20), 702-707.
8. Шералиева, Ш. А. (2020). Понятие эквивалентности во фразеологии (на основе узбекского и английского языков). Вестник науки и образования, (12-3 (90)), 80-83.
9. Шералиева, Ш. А. (2020). THE CONCEPT OF EQUIVALENCE IN PHRASEOLOGY (BASED ON UZBEK AND ENGLISH LANGUAGES). Вестник науки и образования, (12-3), 80-83.
10. Abdisalomovna, S. S. (2019). Teaching vocabulary to elementary level learners with audio materials. Проблемы современной науки и образования, (6 (139)), 87-89.
11. Sheralieva, S. A. (2019). TEACHING VOCABULARY TO ELEMENTARY LEVEL LEARNERS WITH AUDIO MATERIALS. Проблемы современной науки и образования, (6), 87-89.
12. Шералиева, Ш. А. ПРОБЛЕМЫ ЭКВИВАЛЕНТНОСТИ РЕЛИГИОЗНЫХ ФРАЗЕОЛОГИЗМОВ В АНГЛИЙСКОМ, РУССКОМ И УЗБЕКСКОМ ЯЗЫКАХ. ILMIY AXBOROTNOMA, 25.
