SettingsManagement accounting
4-4-5 Calendar
The 4–4–5 calendar is a method of managing accounting periods.
The 4–4–5 calendar is a method of managing accounting periods.
4-4-5 calendar
The 4–4–5 calendar is a method of managing accounting periods.
The 4–4–5 calendar is a method of managing accounting periods.
Accounting management
Accounting Management (Business) is the practical application of management techniques to control and report on the financial health of the organization.
Accounting Management (Business) is the practical application of management techniques to control and report on the financial health of the organization.
Activity-based costing
Activity-based costing is a special costing model that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to th...
Activity-based costing is a special costing model that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to th...
Activity-based management
Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs using activity-based costing to carry out a value chain analysis or a re-engineering...
Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs using activity-based costing to carry out a value chain analysis or a re-engineering...
Average cost method
Under the average cost method, it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period.
Under the average cost method, it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period.
Average per-bit delivery cost
Average Per-Bit Delivery Cost, or APBDC, is one relatively common method by which Internet Service Providers calculate their cost of goods sold.
Average Per-Bit Delivery Cost, or APBDC, is one relatively common method by which Internet Service Providers calculate their cost of goods sold.
Backflush accounting
Backflush accounting is a product costing approach, used in a Just-In-Time (JIT) operating environment, in which costing is delayed until goods are finished.
Backflush accounting is a product costing approach, used in a Just-In-Time (JIT) operating environment, in which costing is delayed until goods are finished.
Break-even
Break-even (or break even) is a point where any difference between plus or minus or equivalent changes side.
Break-even (or break even) is a point where any difference between plus or minus or equivalent changes side.
Break-even (economics)
In economics & business, specifically cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken ...
In economics & business, specifically cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken ...
Breakage
Breakage is a term used in accounting to indicate gift cards that have been sold but never redeemed.
Breakage is a term used in accounting to indicate gift cards that have been sold but never redeemed.
Bridge Life Cycle Cost Analysis
Bridge Life-Cycle Cost Analysis (BLCCA), is Life-Cycle Cost Analysis for individual bridges assuming a planning or time horizon as the period of time over which all costs are to be estimated.
Bridge Life-Cycle Cost Analysis (BLCCA), is Life-Cycle Cost Analysis for individual bridges assuming a planning or time horizon as the period of time over which all costs are to be estimated.
Bridge life-cycle cost analysis
Bridge life-cycle cost analysis, is life-cycle cost analysis for individual bridges assuming a planning or time horizon as the period of time over which all costs are to be estimated.
Bridge life-cycle cost analysis, is life-cycle cost analysis for individual bridges assuming a planning or time horizon as the period of time over which all costs are to be estimated.
Cash and cash equivalents
Cash and cash equivalents are the most liquid assets found within the asset portion of a company's balance sheet.
Cash and cash equivalents are the most liquid assets found within the asset portion of a company's balance sheet.
Certified Management Accountant
The title Certified Management Accountant (CMA) is used by various professional bodies around the world to designate their different professional certifications.
The title Certified Management Accountant (CMA) is used by various professional bodies around the world to designate their different professional certifications.
Certified Management Accountants of Canada
The Society of Management Accountants of Canada, also known as Certified Management Accountants of Canada and CMA Canada, awards the Certified Management Accountant designation in Canada.
The Society of Management Accountants of Canada, also known as Certified Management Accountants of Canada and CMA Canada, awards the Certified Management Accountant designation in Canada.
Chartered Cost Accountant
Chartered Cost Accountant is a cost accounting or cost control professional designation offered by the American Academy of Financial Management.
Chartered Cost Accountant is a cost accounting or cost control professional designation offered by the American Academy of Financial Management.
Chartered Institute of Management Accountants
The Chartered Institute of Management Accountants is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accou...
The Chartered Institute of Management Accountants is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accou...
Constraints accounting
Constraints accounting (CA) is an accounting reporting technique, consistent with a process of ongoing improvement (POOGI).
Constraints accounting (CA) is an accounting reporting technique, consistent with a process of ongoing improvement (POOGI).
Construction accounting
Construction accounting is a form of project accounting applied to construction projects.
Construction accounting is a form of project accounting applied to construction projects.
Contribution margin
In cost-volume-profit analysis, a form of management accounting, contribution margin is the marginal profit per unit sale.
In cost-volume-profit analysis, a form of management accounting, contribution margin is the marginal profit per unit sale.
Corporate travel management
Travel management or corporate travel management (CTM) is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-today op...
Travel management or corporate travel management (CTM) is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-today op...
Cost accounting
In management accounting, cost accounting establishes budget and actual cost of operations, processes, departments or product and the analysis of variances, profitability or social use of funds.
In management accounting, cost accounting establishes budget and actual cost of operations, processes, departments or product and the analysis of variances, profitability or social use of funds.
Cost center (business)
In business, a cost center is a division that adds to the cost of an organization, but only indirectly adds to its profit.
In business, a cost center is a division that adds to the cost of an organization, but only indirectly adds to its profit.
Cost centre (business)
In business, a cost centre or cost center is a division that adds to the cost of an organization, but only indirectly adds to its profit.
In business, a cost centre or cost center is a division that adds to the cost of an organization, but only indirectly adds to its profit.
Cost driver
A "cost driver" is the unit of an activity that causes the change of an activity cost.
A "cost driver" is the unit of an activity that causes the change of an activity cost.
Cost externalizing
Cost externalizing is a socio-economical term describing how a business maximizes its profits by off loading indirect costs and forcing negative effects to a third party.
Cost externalizing is a socio-economical term describing how a business maximizes its profits by off loading indirect costs and forcing negative effects to a third party.
Cost-Volume-Profit Analysis
Cost-volume-profit, in managerial economics is a form of cost accounting.
Cost-volume-profit, in managerial economics is a form of cost accounting.
Cost-volume-profit analysis
Cost–volume–profit, in managerial economics is a form of cost accounting.
Cost–volume–profit, in managerial economics is a form of cost accounting.
Customer profitability
Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period.
Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period.
Differences between management accounting and financial accounting
The differences between management accounting and financial accounting include: #Management accounting provides information to people within an organisation while financial accounting is mainly...
The differences between management accounting and financial accounting include: #Management accounting provides information to people within an organisation while financial accounting is mainly...
Differences between managerial accounting and financial accounting
This article discusses the differences between managerial accounting and financial accounting.
This article discusses the differences between managerial accounting and financial accounting.
Direct material price variance
In variance analysis (accounting) direct material price variance is the difference between the standard cost and the actual cost for the actual quantity of material used or purchased.
In variance analysis (accounting) direct material price variance is the difference between the standard cost and the actual cost for the actual quantity of material used or purchased.
Direct material total variance
In variance analysis (accounting) direct material total variance is the difference between the actual cost of actual number of units produced and its budgeted cost in terms of material.
In variance analysis (accounting) direct material total variance is the difference between the actual cost of actual number of units produced and its budgeted cost in terms of material.
Direct material usage variance
In variance analysis (accounting) direct material usage (efficiency, quantity) variance is the difference between the standard quantity of materials that should have been used for the number of ...
In variance analysis (accounting) direct material usage (efficiency, quantity) variance is the difference between the standard quantity of materials that should have been used for the number of ...
Double counting (accounting)
Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason.
Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason.
Dual overhead rate
Dual Overhead Rate Recovery is used in construction contracting as a costing equation for bidding a project, costing an existing project or allocating corporate overhead to multiple divisions of...
Dual Overhead Rate Recovery is used in construction contracting as a costing equation for bidding a project, costing an existing project or allocating corporate overhead to multiple divisions of...
Entity-Level Controls
Entity-Level Controls are internal controls that help ensure that management directives pertaining to the entire entity are carried out.
Entity-Level Controls are internal controls that help ensure that management directives pertaining to the entire entity are carried out.
Entity-level controls
Entity-Level Controls are internal controls that help ensure that management directives pertaining to the entire entity are carried out.
Entity-Level Controls are internal controls that help ensure that management directives pertaining to the entire entity are carried out.
Equivalent annual cost
In finance the equivalent annual cost (EAC) is the cost per year of owning and operating an asset over its entire lifespan.
In finance the equivalent annual cost (EAC) is the cost per year of owning and operating an asset over its entire lifespan.
Extended cost
In accounting, an extended cost is the unit cost multiplied by the number of those items that were purchased.
In accounting, an extended cost is the unit cost multiplied by the number of those items that were purchased.
Factory overhead
Factory Overhead is generally defined as indirect labor, Indirect material and all other factory expenses that cannot conveniently be identified with nor charged directly to specific job or prod...
Factory Overhead is generally defined as indirect labor, Indirect material and all other factory expenses that cannot conveniently be identified with nor charged directly to specific job or prod...
Finished good
Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
Fixed assets management
Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.
Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.
Fixed cost
In economics, fixed costs are business expenses that are not dependent on the level of goods or services produced by the business.
In economics, fixed costs are business expenses that are not dependent on the level of goods or services produced by the business.
Full cost accounting
Full cost accounting generally refers to the process of collecting and presenting information - about environmental, social, and economic costs and benefits/advantages - for each proposed altern...
Full cost accounting generally refers to the process of collecting and presenting information - about environmental, social, and economic costs and benefits/advantages - for each proposed altern...
Grenzplankostenrechnung
Grenzplankostenrechnung (GPK) is a German costing methodology, developed in the late 1940s and 1950s, being designed to provide a consistent and accurate application of how managerial costs are ...
Grenzplankostenrechnung (GPK) is a German costing methodology, developed in the late 1940s and 1950s, being designed to provide a consistent and accurate application of how managerial costs are ...
Hedge accounting
Hedge accounting is an accountancy practice.
Hedge accounting is an accountancy practice.
Holding cost
In business management, holding cost is money spent to keep and maintain a stock of goods in storage.
In business management, holding cost is money spent to keep and maintain a stock of goods in storage.
Indirect costs
Indirect costs are costs that are not directly accountable to a cost object (such as a particular function or product).
Indirect costs are costs that are not directly accountable to a cost object (such as a particular function or product).
Institute of Cost and Works Accountants of India
The Institute of Cost Accountants of India (ICAI) is a premier professional accountancy body established on May 28, 1959 under the Cost and Works Accountants Act, 1959 (Act No.23rd of 1959) en...
The Institute of Cost Accountants of India (ICAI) is a premier professional accountancy body established on May 28, 1959 under the Cost and Works Accountants Act, 1959 (Act No.23rd of 1959) en...
Institute of Management Accountants
IMA Institute of Management Accountants is a professional organization headquartered in Montvale, New Jersey more than 60,000 professionals worldwide.
IMA Institute of Management Accountants is a professional organization headquartered in Montvale, New Jersey more than 60,000 professionals worldwide.
Inventory turnover
In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year.
In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year.
Inventory valuation
An inventory valuation allows a company to provide a monetary value for items that make up their inventory.
An inventory valuation allows a company to provide a monetary value for items that make up their inventory.
Invested Capital
Invested Capital represents the total cash investment that shareholders and debtholders have made in a company.
Invested Capital represents the total cash investment that shareholders and debtholders have made in a company.
Invested capital
Invested capital represents the total cash investment that shareholders and debtholders have made in a company.
Invested capital represents the total cash investment that shareholders and debtholders have made in a company.
Investment center
An investment center is a classification used for business units within an enterprise.
An investment center is a classification used for business units within an enterprise.
Job costing
Job Costing involves the calculation of costs involved in a construction "job" or the manufacturing of goods done in discrete batches.
Job Costing involves the calculation of costs involved in a construction "job" or the manufacturing of goods done in discrete batches.
Management accounting
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make i...
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make i...
Management accounting in supply chains
Management accounting in supply chains is part of the supply chain management concept.
Management accounting in supply chains is part of the supply chain management concept.
Management control system
A management control systems is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organiz...
A management control systems is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organiz...
Managerial risk accounting
Managerial Risk Accounting is concerned with the generation, dissemination and use of risk related accounting information to managers within organisations to enable them to judge and shape the r...
Managerial Risk Accounting is concerned with the generation, dissemination and use of risk related accounting information to managers within organisations to enable them to judge and shape the r...
Net present value
In finance, the net present value or net present worth of a time series of cash flows, both incoming and outgoing, is defined as the sum of the present values of the individual cash flows ...
In finance, the net present value or net present worth of a time series of cash flows, both incoming and outgoing, is defined as the sum of the present values of the individual cash flows ...
Notional profit
Notional Profit A contract usually takes several years to get itself completed.
Notional Profit A contract usually takes several years to get itself completed.
Operating cash flow
In financial accounting, operating cash flow (OCF), cash flow provided by operations or cash flow from operating activities, refers to the amount of cash a company generates from the...
In financial accounting, operating cash flow (OCF), cash flow provided by operations or cash flow from operating activities, refers to the amount of cash a company generates from the...
Operating leverage
Operating Leverage is explained as follows : The operating leverage is a measure of how revenue growth translates into growth in operating income.
Operating Leverage is explained as follows : The operating leverage is a measure of how revenue growth translates into growth in operating income.
Operating margin
In business, operating margin — also known as operating income margin, operating profit margin and return on sales (ROS) — is the ratio of operating income ("operating profit" ...
In business, operating margin — also known as operating income margin, operating profit margin and return on sales (ROS) — is the ratio of operating income ("operating profit" ...
Overhead (business)
In business, overhead or overhead expense refers to an ongoing expense of operating a business (also known as Operating Expenses - rent, gas/electricity, wages etc.).
In business, overhead or overhead expense refers to an ongoing expense of operating a business (also known as Operating Expenses - rent, gas/electricity, wages etc.).
Owner earnings
He stated that the value of a company is simply the total of the net cash flows (owner earnings) expected to occur over the life of the business, discounted by an appropriate interest rate.
He stated that the value of a company is simply the total of the net cash flows (owner earnings) expected to occur over the life of the business, discounted by an appropriate interest rate.
Pre-determined overhead rate
A pre-determined overhead rate is the rate used to apply manufacturing overhead to work-in-process inventory.
A pre-determined overhead rate is the rate used to apply manufacturing overhead to work-in-process inventory.
Process costing
Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process.
Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process.
Profit center
A profit center is a part of a corporation that directly adds to its profit.
A profit center is a part of a corporation that directly adds to its profit.
Railway Costing
Railway Costing is the calculation of the variable and fixed costs of rail movements.
Railway Costing is the calculation of the variable and fixed costs of rail movements.
Railway costing
Railway costing is the calculation of the variable and fixed costs of rail movements.
Railway costing is the calculation of the variable and fixed costs of rail movements.
RCA Open-Source Application
ROSA, the acronym for RCA open-source application, is an open-source management accounting application that aims to provide decision support information to managers.
ROSA, the acronym for RCA open-source application, is an open-source management accounting application that aims to provide decision support information to managers.
RCA open-source application
ROSA, the acronym for RCA open-source application, is an open-source management accounting application that aims to provide decision support information to managers.
ROSA, the acronym for RCA open-source application, is an open-source management accounting application that aims to provide decision support information to managers.
Relevant cost
A relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered.
A relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered.
Responsibility center
A Responsibility center is an organization unit that is headed by a manager who is responsible for its activities and results.
A Responsibility center is an organization unit that is headed by a manager who is responsible for its activities and results.
Revenue center
In business, a revenue centre or revenue center is a division that gains revenue from product sales or service provided.
In business, a revenue centre or revenue center is a division that gains revenue from product sales or service provided.
Semi variable cost
Semi-variable cost is an expense which contains both a fixed-cost component and a variable-cost component.
Semi-variable cost is an expense which contains both a fixed-cost component and a variable-cost component.
Semi-variable cost
Semi-variable cost is an expense which contains both a fixed-cost component and a variable-cost component.
Semi-variable cost is an expense which contains both a fixed-cost component and a variable-cost component.
Spend management
Spend management is the way in which companies control and optimize the money they spend.
Spend management is the way in which companies control and optimize the money they spend.
Target income sales
In cost accounting, Target Income Sales are the sales necessary to achieve a given Target Income (or Targeted Income).
In cost accounting, Target Income Sales are the sales necessary to achieve a given Target Income (or Targeted Income).
Throughput Accounting
Throughput Accounting is a dynamic, integrated, principle-based, and comprehensive management accounting approach that provides managers with decision support information for enterprise optimization.
Throughput Accounting is a dynamic, integrated, principle-based, and comprehensive management accounting approach that provides managers with decision support information for enterprise optimization.
Throughput accounting
Throughput Accounting is a principle-based and comprehensive management accounting approach that provides managers with decision support information for enterprise profitability improvement.
Throughput Accounting is a principle-based and comprehensive management accounting approach that provides managers with decision support information for enterprise profitability improvement.
Total absorption costing
Total absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service.
Total absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service.
Total benefits of ownership
Total benefits of ownership (TBO) is a caluclation that tries to summarize the positive effects of acquisition of new computer components.
Total benefits of ownership (TBO) is a caluclation that tries to summarize the positive effects of acquisition of new computer components.
Variable cost
Variable costs are expenses that change in proportion to the activity of a business.
Variable costs are expenses that change in proportion to the activity of a business.
Variable Costing
Variable Costing is a managerial accounting cost concept.
Variable Costing is a managerial accounting cost concept.
Variance (accounting)
In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned or standard amount and the actual amount incurred/sold.
In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned or standard amount and the actual amount incurred/sold.