The Impact of Balanced Scorecard to Strengthen the Competitiveness of Industrial Companies

This research deals with balanced scorecard method as one of the management and evaluate strategic performance methods, their impact on achieving success in the competitive field of industrial companies, achieving competitive advantages through the company to outdo competitors' capabilities, coping with the growing dynamics of the competitive environments in which they operate, and ensuring the strengthening of the competitiveness of the company.The research problem can be formulated in the following question: Does the application of balanced scorecard method affect strengthening the competitiveness?".The researcher depends on an exploratory study by scanning the field for several companies in the engineering industries sector in Syria by using a questionnaire to determine the impact of balanced scorecard method in strengthening competitiveness. The most important findings of the resulting of the research: 1-There is a good positive and direct correlation between the balanced scorecard method and enhancing cost advantage. 2- There is a good positive and direct correlation between the balanced scorecard method and enhancing quality advantage. 3- There is a good positive and direct correlation between the balanced scorecard method and enhancing environmental advantage. Keywords: Balanced scorecard, Cost Advantage, Environmental Advantage, Competitive Advantage, Quality Advantage

The Impact of Fair Value Measurements on Income Statement: IFRS 13 "an Application Study in Insurance Companies"

There has been a steady shift in accounting standards over the past few years, moving away from historical cost measure towards fair value. Proponents view this as a way to deal with traditional criticisms of accounting valuation while making information more relevant to users.This paper attempts to shed some light on this issue by restating some of the financial assets of an insurance company, applying fair value instead of historical-cost-based valuations, and comparing data emerged by using historical costs principle and fair value principle. We find that the numbers on the face of the income statement change considerably and observe that the magnitude of these changes varies between the two policies. However, these findings seem to indicate that a change from historical-cost to fair-value accounting could achieve different results. Keywords:  Fair value, Historical cost, comprehensive income

The Impact of Target Cost Method to Strengthen the Competitiveness of Industrial Companies

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