Journal of Engineering and Applied Sciences

Year: 2019
Volume: 14
Issue: 10
Page No. 3210 - 3225

The use of Resource Consumption Accounting and Balanced Scorecard Methods as an Integrated Framework in Correcting the Economic Unit Performance: Applied Study

Authors : Hanan Sahbat Abdullah and Hatem Karim Kadhim

Abstract: This research aims at highlighting the role of the Resource Consumption Accounting (RCA) in providing fair and accurate cost information to be used in feeding the Balanced Scorecard (BSC) amid modern developments in business environment in addition to understanding the effect of having an integrated and correlated relation between the resource consumption accounting methodology and the balanced scorecard departments on enhancing the efficiency of performance correction process within the economic unit researched in this study. To achieve this goal, the researchers resorted to the analytical technique through the use of statistical forms so as to collect data from participants who were staffers from accounting, technical, engineering and other departments and who all in all made the research sampling of (56) participants. The statistics program SPSS was used as the platform needed to carry out statistical analysis on gathered data as well as to test the hypothesis used in the study. Hypothesis involved in the current research have been tested and approved after calculating a number of statistical measurements like the arithmetic mean, the standard deviation, coefficient of dispersion and weighted percentage and after asserting the correctness of the test by applying (t) test on one sample where the calculated (t) value proved to be greater than the tabled (t) value at (5%) significance within a freedom degree of (55). The most significant result obtained was that the resource consumption accounting technique had a special role in providing quantitative and qualitative information relevant to each resource within the economic unit in addition to predicting results and enhancing the performance correction process. Moreover, the gained data could be used within the RCA inputs to be used in feeding the balanced scorecard in order to enhance indicators of performance within the economic unit.

How to cite this article:

Hanan Sahbat Abdullah and Hatem Karim Kadhim, 2019. The use of Resource Consumption Accounting and Balanced Scorecard Methods as an Integrated Framework in Correcting the Economic Unit Performance: Applied Study. Journal of Engineering and Applied Sciences, 14: 3210-3225.

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