1 Describe a strategic based responsibility accounting system How does it
1. Describe a strategic-based responsibility accounting system. How does it differ from activity based responsibility accounting?
Required:
1. Prepare a strategy map for Harmon’s strategy as described by the series of cause-and-effect relationships.
2. Explain how a performance measure can act as both a lag variable and a lead indicator.
3. What if profits did not increase to the targeted level? Explain how this result could be attributable to either an implementation problem or an invalid strategy. What actions would likely be taken for each case?
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