
Balanced Scorecard:
It is a scorecard to measure business performance according to four different perspectives. It helps managers to control or take care of the different aspect of the business easily.
Customer Perspective (C):
Customer perspective is a part of balanced scorecard. It deals with the question that how customer sees us. It measures things that related to delivering value to the customers.
Internal Process Perspective (P):
Internal process perspective deals with the internal matter of the organization. It deals with all the internal matter that can affect the customer satisfaction in a wrong way. It includes factors like employee skills and cycle time.
Innovation and Growth Perspective (I):
Innovation and growth perspective deals with the question that what will help the business to keep it running for long time. It includes measures like innovation, competition, new product and many more.
Financial Perspective (F):
Financial perspective deals with the question that how good we do for our shareholder.
It means how much income we generate for our shareholder. It includes measures like profit margin, asset turnover and many more.
To identify: Performance measure belongs to which part of balanced scorecard perspectives.

Want to see the full answer?
Check out a sample textbook solution
Chapter 22 Solutions
FINANCIAL & MANAGERIAL ACCOUNTING
- Prada Manufacturing had a Work in Process balance of $72,000 on January 1, 2022. The year-end balance of Work in Process was $95,000, and the Cost of Goods Manufactured was $730,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2022.arrow_forwardCan you help me solve this general accounting problem using the correct accounting process?arrow_forwardThe basis of asingle overhead allocation rate based on direct labor hours?arrow_forward
- General accountingarrow_forwardIf the cost of the beginning work in process inventory is $92,000, costs of goods manufactured is $1,050,000, direct materials cost is $375,000, direct labor cost is $255,000, and overhead cost is $360,000, calculate the ending work in process inventory.arrow_forwardFinancial Accounting questionarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education





