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This post addresses performance assessment systems.

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What are the benefits and disadvantages to performance assessment systems in organizations?

Why should management accountants be involved in the establishment and use of those measures?

To what extent are these measures and assessments reliable and accurate?

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The solution provides a discussion explaining the benefits and disadvantages to performance assessment systems in organizations, why management accountants should be involved in the establishment and use of those measures, and to what extent the measures and assessments are reliable and accurate.

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What are the benefits and disadvantages to performance assessment systems in organizations?

The main benefit is that performance assessment systems can be used as a tool to measure the overall effectiveness of individual departments, individual employees, and the entity as a whole. A properly constructed and well-implemented performance system allows executives to see where the weaknesses lie within the organization. Those areas can then be focused on, for improved strategies to bring the weak areas up to where they should be, or are capable of being, in terms of functioning.

Disadvantages of an assessment system include that ...

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