Role Of Accounting In Business Scorecard
An organization uses several key measures and tools to show stakeholder that the organization performance is good enough to meet objectives and respective goals. An empirical concept of balance scorecard plays a role in the nineteen century to measure how well an organization is doing in a view of competing all the stakeholder concerns. It is used to monitor and enhancing business operation within a customer, internal business function and learning the growth of each segment of the business(Cardos 2014). It is assumed the strategy and tactics management used should comply with a balanced scorecard along with information which is being tracked. Let’s dive deeper to understand the role of accounting in a business scorecard. Balanced Score Card Quadrants A balanced scorecard is comprised of four quadrants containing distinct perspective. All these perspective are listed below:- Financial Customer Internal process Learning and growth It is designed in such a way whole ...