ACCOUNTING REVIEW

Managerial accounting

• the provision of accounting information for a company's internal users.

• The detailed formulation of action to achieve a particular end

• The managerial activity of monitoring a plan's implementation and taking corrective action as needed

• The process of choosing among competing alternatives

Planning

• The process of choosing among competing alternatives

• The detailed formulation of action to achieve a particular end

• The managerial activity of monitoring a plan's implementation and taking corrective action as needed

• primarily concerned with producing information (financial statements) for external users,

Controlling

• The detailed formulation of action to achieve a particular end

• primarily concerned with producing information (financial statements) for external users,

• The managerial activity of monitoring a plan's implementation and taking corrective action as needed

• the provision of accounting information for a company's internal users.

Decision Making

• the set of activities required to design, develop, produce, market, and deliver products and services, as well as provide support services to customers.

• the provision of accounting information for a company's internal users.

• The process of choosing among competing alternatives

• primarily concerned with producing information (financial statements) for external users,

Financial Accounting

• primarily concerned with producing information (financial statements) for external users,

• is a work that teams in different departments complete together within one organization.

• is a management approach that

  seeks to provide long-term success by providing unparalleled customer satisfaction through the constant delivery of quality services.

• is the amount of cash or cash equivalent sacrificed for goods and/or services that are expected to bring a current or future benefit to the organization

VALUE CHAIN

• the set of activities required to design, develop, produce, market, and deliver products and services, as well as provide support services to customers.

• is a work that teams in different departments complete together within one organization.

• is a management approach that

  seeks to provide long-term success by providing unparalleled customer satisfaction through the constant delivery of quality services.

• THE WAY THAT COST ARE MEASURED AND RECORDED.

CROSS-FUNCTIONAL PERSPECTIVE

• is a work that teams in different departments complete together within one organization.

• is a management approach that

  seeks to provide long-term success by providing unparalleled customer satisfaction through the constant delivery of quality services.

• THE WAY THAT COST IS LINKED TO SOME COST OBJECT

• ANY ITEM SUCH AS A PRODUCT, CUSTOMER, DEPARTMENT, AND PROJECT FOR WHICH COSTS ARE MEASURED AND ASSIGNED.

TOTAL QUALITY MANAGEMENT (TQM)

• ANY ITEM SUCH AS A PRODUCT, CUSTOMER, DEPARTMENT, AND PROJECT FOR WHICH COSTS ARE MEASURED AND ASSIGNED.

• is a management approach that

  seeks to provide long-term success by providing unparalleled customer satisfaction through the constant delivery of quality services.

• is the amount of cash or cash equivalent sacrificed for goods and/or services that are expected to bring a current or future benefit to the organization

• ANY ITEM SUCH AS A PRODUCT, CUSTOMER, DEPARTMENT, AND PROJECT FOR WHICH COSTS ARE MEASURED AND ASSIGNED.

COST

• ANY ITEM SUCH AS A PRODUCT, CUSTOMER, DEPARTMENT, AND PROJECT FOR WHICH COSTS ARE MEASURED AND ASSIGNED.

• is the amount of cash or cash equivalent sacrificed for goods and/or services that are expected to bring a current or future benefit to the organization

• THE WAY THAT COST ARE MEASURED AND RECORDED.

• are costs that cannot be easily and accurately traced to a cost object.

ACCUMULATING COST

• are costs that cannot be easily and accurately traced to a cost object.

• THE WAY THAT COST ARE MEASURED AND RECORDED.

• ANY ITEM SUCH AS A PRODUCT, CUSTOMER, DEPARTMENT, AND PROJECT FOR WHICH COSTS ARE MEASURED AND ASSIGNED.

• are those cost that can be easily and accurately traced to a cost object.