The
Definition Of

Internal process perspective

Internal process perspective is a viewpoint employed in the balanced scorecard to evaluate the effectiveness and efficiency of a company’s value chain, including product development, production, delivery, and after-sale service.

Share it:

More from this Section

  • The Journal
    The Journal, an accounting record in which transactions are initially recorded in chronological order. The journal is referred to as the book of original entry.
  • Retained earnings statement
    The retained earnings statement is a financial statement that shows the changes in retained earnings during the year.
  • Cost accounting
    Cost accounting involves the measuring, recording, and reporting of product costs. From the data accumulated, companies determine both the total cost...
  • Convertible bonds
    Convertible bonds refer to the bonds that permit bondholders to convert them into common stock at their option.
  • Matching principle
    This method of expense recognition is referred to as the Matching principle that companies match efforts (expenses) with accomplishments (revenues).
  • Budgeted income statement
    Budgeted income statement refers to an estimate of the expected profitability of operations for the budget period.
  • Direct materials
    Raw materials that can be physically and directly associated with the finished product during the manufacturing process are called direct materials.