{"id":843,"date":"2015-12-27T14:55:58","date_gmt":"2015-12-27T14:55:58","guid":{"rendered":"https:\/\/courses.candelalearning.com\/managacct2x1xmaster\/?post_type=chapter&p=843"},"modified":"2016-01-01T14:13:14","modified_gmt":"2016-01-01T14:13:14","slug":"chapter-9-study-plan","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-managacct\/chapter\/chapter-9-study-plan\/","title":{"raw":"Chapter 9 Study Plan (update)","rendered":"Chapter 9 Study Plan (update)"},"content":{"raw":"

Study Plan: Performance Measurement<\/h2>\r\nKnowledge Targets<\/strong>\r\n\r\nI can define the following terms as they relate to our unit:\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Decentralized\r\n<\/strong><\/td>\r\nProfit Center\r\n<\/strong><\/td>\r\nCost Center<\/strong><\/td>\r\nInvestment Center\r\n<\/strong><\/td>\r\n<\/tr>\r\n
Return on Investment<\/strong><\/td>\r\nOperating Assets<\/strong><\/td>\r\nMargin\r\n<\/strong><\/td>\r\nBalanced Scorecard\r\n<\/strong><\/td>\r\n<\/tr>\r\n
Turnover\r\n<\/strong><\/td>\r\nResidual Income<\/strong><\/td>\r\nRate of Return<\/strong><\/td>\r\nOperating Income<\/strong><\/td>\r\n<\/tr>\r\n
Wait Time\r\n<\/strong><\/td>\r\nValue-added<\/strong><\/td>\r\nThroughput Time<\/strong><\/td>\r\nEconomic Value Added<\/strong><\/td>\r\n<\/tr>\r\n
Non-value added\r\n<\/strong><\/td>\r\nDelivery Cycle Time<\/strong><\/td>\r\nManufacturing Cycle Time<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nReasoning Targets<\/strong>\r\n
    \r\n\t
  • I can understand the difference between profit center<\/strong>, cost center<\/strong> and investment center<\/strong>s.<\/li>\r\n\t
  • I can understand the meaning of delivery cycle time<\/strong>, throughput time<\/strong> and manufacturing cycle efficiency<\/strong>.<\/li>\r\n\t
  • I can understand how to use a balanced scorecard<\/strong>.<\/li>\r\n\t
  • I can analyze projects or departments using return on investment<\/strong> and residual income<\/strong>.<\/li>\r\n<\/ul>\r\nSkill Targets<\/strong>\r\n
      \r\n\t
    • I can calculate return on investment, margin and turnover<\/strong> for a company.<\/li>\r\n\t
    • I can calculate residual income<\/strong> for a company.<\/li>\r\n\t
    • I can compute delivery cycle time<\/strong>, throughput time<\/strong> and manufacturing cycle efficiency<\/strong>.<\/li>\r\n\t
    • I can construct a balanced scorecard.<\/strong><\/li>\r\n<\/ul>","rendered":"

      Study Plan: Performance Measurement<\/h2>\n

      Knowledge Targets<\/strong><\/p>\n

      I can define the following terms as they relate to our unit:<\/p>\n\n\n\n\n\n\n\n
      Decentralized
      \n<\/strong><\/td>\n      		Profit Center
      \n<\/strong><\/td>\n      		Cost Center<\/strong><\/td>\nInvestment Center
      \n<\/strong><\/td>\n<\/tr>\n
      Return on Investment<\/strong><\/td>\nOperating Assets<\/strong><\/td>\nMargin
      \n<\/strong><\/td>\n      		Balanced Scorecard
      \n<\/strong><\/td>\n<\/tr>\n
      Turnover
      \n<\/strong><\/td>\n      		Residual Income<\/strong><\/td>\nRate of Return<\/strong><\/td>\nOperating Income<\/strong><\/td>\n<\/tr>\n
      Wait Time
      \n<\/strong><\/td>\n      		Value-added<\/strong><\/td>\nThroughput Time<\/strong><\/td>\nEconomic Value Added<\/strong><\/td>\n<\/tr>\n
      Non-value added
      \n<\/strong><\/td>\n      		Delivery Cycle Time<\/strong><\/td>\nManufacturing Cycle Time<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      Reasoning Targets<\/strong><\/p>\n

        \n
      • I can understand the difference between profit center<\/strong>, cost center<\/strong> and investment center<\/strong>s.<\/li>\n
      • I can understand the meaning of delivery cycle time<\/strong>, throughput time<\/strong> and manufacturing cycle efficiency<\/strong>.<\/li>\n
      • I can understand how to use a balanced scorecard<\/strong>.<\/li>\n
      • I can analyze projects or departments using return on investment<\/strong> and residual income<\/strong>.<\/li>\n<\/ul>\n

        Skill Targets<\/strong><\/p>\n

          \n
        • I can calculate return on investment, margin and turnover<\/strong> for a company.<\/li>\n
        • I can calculate residual income<\/strong> for a company.<\/li>\n
        • I can compute delivery cycle time<\/strong>, throughput time<\/strong> and manufacturing cycle efficiency<\/strong>.<\/li>\n
        • I can construct a balanced scorecard.<\/strong><\/li>\n<\/ul>\n","protected":false},"author":1195,"menu_order":1,"template":"","meta":{"_candela_citation":"[]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-843","chapter","type-chapter","status-publish","hentry"],"part":21,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/users\/1195"}],"version-history":[{"count":2,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/843\/revisions"}],"predecessor-version":[{"id":923,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/843\/revisions\/923"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/parts\/21"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/843\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/media?parent=843"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapter-type?post=843"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/contributor?post=843"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/license?post=843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}