Balanced Scoreboard

Firstly, financial agent is an organizational part which aims at examining whether implementation and movement of companys organizational dodging atomic number 18 equally contribute to companys improvement. It is characterized by measures which assess whether the company is able to govern its costs and operations. For Accounting Firm financial element is very consequential for enhancing performance because it helps to manage revenue growth, profit margins, net operation income and specie flows.Secondly, customer element aims at defining the care for proposition to avenge customers and to generate more sales. This element is used to measure the delivered foster, costs and outcomes for example, commercialise share or customer cheer. In Accounting firm customer element will enhance operational performance, product leadership, customer satisfaction and intimacy. Thirdly, knowledgeable figure out element or perspective aims at creating and delivering the value propositio n of customers.The task is to concentrate on key activities and processes to provide value expected by the customers the most effectively and productively. Short-term and long-term objectives are incorporated. In Accounting Firm this element is of great help for growth innovative processes and stimulating further companys improvement. Internal process assists in improving asset utilization, establishing good relations with external shareholders, etc.Finally, element of learning and growth aims at founding any effective strategy which will concentrate on intangible assets, internal skills and capabilities necessary for value-creating internal process. Human capital, information capital and organizational capital are involved. This element plays important role for Accounting firm as it stimulates improvement in learning, decreases short-term financial loses and contributes to long-term development. References Cobbold, I. & Lawrie, G. (2002). The Development of the Balanced Scorecard as a Strategic Management Tool. USA Performance Measurement Association.