Performance Monitoring

Balanced Scorecard (BSC)
The Balanced Scorecard (BSC) is a strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization. It enhances internal and external communications and monitors organizational performance against strategic goals.
Scorekeeping
Scorekeeping is a crucial aspect of management accounting where the performance of managers and operators is monitored, recorded, and reported to relevant levels of management for evaluation and decision-making.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.