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If you are a part of an accounting or auditing department of any major or even minor company, you would probably have heard of a balanced score card. What is a balanced score card you ask? Well, if you aren’t aware of the term itself, you would surely be aware of the principle behind it. Remember your SAT scores? Rather than being absolute values like say 95 out of a hundred, they were typically presented in percentiles. This is one instance of a balanced score card. Another instance could be the percentile rank of your status in a class as compared to a percentage rank.

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This entry was posted on Saturday, March 31st, 2007 at 3:42 am and is filed under Accounting, Business, Finance, Helpful Information, Management. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.