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.
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- Useful life
Useful life is an estimate of the expected productive life, also called service life, of the asset. Useful life may be expressed in terms of time, units of activity...
- Last-in, First-out (LIFO)
Last-in, First-out (LIFO) method is an inventory costing method that assumes the costs of the latest units purchased are the first to be allocated to cost of goods sold.
- Other receivables
Other receivables include various forms of nontrade receivables which do not generally result from the operations of the business.
- Financial budgets
Financial budgets refer to individual budgets that focus primarily on the cash resources needed to fund expected operations and planned capital expenditures.
- Convertible bonds
Convertible bonds refer to the bonds that permit bondholders to convert them into common stock at their option.
- Purchase invoice
Purchase invoice refers to a document that supports each credit purchase. This invoice indicates the total purchase price and other relevant information.
- Current replacement cost
Current replacement cost means the current cost to replace an inventory item. Companies apply LCM to the items in inventory after they have used one of the cost flow methods...