版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
1、治理会计专业术语词汇AAbsorption costing A product-costingmethod that assigns all manufacturingcosts to a product: direct materials,direct labor, variable overhead, andfixed overhead.Absorption-costing (full-costing) incomeIncome computed using afunctionally-based statement. Cost ofgoods sold includes all vari
2、able manufacturingcosts and a portion offixed factory overhead.Accounting rate of return The rate ofreturn obtained by dividing the averageaccounting net income by the originalinvestment (or by average investment).Activity A basic unit of work performedwithin an organization. It alsocan be defined a
3、s an aggregation ofactions within an organization usefulto managers for purposes of planning,controlling, and decision making.Activity analysis The process of identifying,describing, and evaluating theactivities an organization performs.Activity attributes Nonfinancial andfinancial information items
4、 that describeindividual activities.Activity budgeting The process of estimatingthe demand for eachactivitys output and assessing thecost of resources required to producethis output.Activity capacity The number oftimes an activity can be performed.Activity dictionary A list of activitiesdescribed by
5、 specific attributes suchas name, definition, classification asprimary or secondary, and activitydriver.Activity drivers Factors that measurethe consumption of activities by productsand other cost objects.Activity elimination The process ofeliminating nonvalue-added activities.Activity flexible budg
6、et The predictionof what activity costs will be asactivity usage changes.Activity inputs The resources consumedby an activity in producing itsoutput (they are the factors that enablethe activity to be performed).Administrative costs All costs associatedwith the general administrationof the organizat
7、ion that cannot bereasonably assigned to either marketingor production.Advance pricing agreements (APAs)Agreements between the Internal RevenueService and a taxpayer on theacceptability of a transfer price. Theagreement is private and is bindingon both parties for a specified periodof time.Aesthetic
8、s A quality attribute that isconcerned with the appearance oftangible products (for example, styleand beauty) as well as the appearanceof the facilities, equipment, personnel,and communication materials associatedwith services.Allocation Assignment of indirectcosts to cost objects.Annuity A series o
9、f future cash flows.Applied overhead Overhead assignedto production using predeterminedrates.Appraisal costs Costs incurred to determinewhether products and servicesare conforming to requirements.BBalanced Scorecard (See Strategicbasedresponsibility accountingsystem.)Base period A prior period used
10、toset the benchmark for measuring productivitychanges.Batch-level activities Activities thatare performed each time a batch isproduced.Benchmarking An approach that usesbest practices as the standard forevaluating activity performance.Best-fitting line The line that fits a setof data points the best
11、 in the sensethat the sum of the squared deviationsof the data points from the lineis the smallest.Binding constraints Constraintswhose resources are fully utilized.Break-even point The point where totalsales revenue equals total costs;the point of zero profits.Activity output The result or producto
12、f an activity.Activity output measure The numberof times an activity is performed. It isthe quantifiable measure of the output.Activity reduction Decreasing the timeand resources required by an activity.Activity selection The process ofchoosing among sets of activitiescaused by competing strategies.
13、Activity sharing Increasing the efficiencyof necessary activities by usingeconomies of scale.Activity volume variance The cost ofthe actual activity capacity acquiredand the capacity that should be used.Activity-based cost (ABC) system Acost system that first traces costs toactivities and then trace
14、s costs fromactivities to products.Activity-based costing (ABC) A costassignment approach that first usesdirect and driver tracing to assigncosts to activities and then uses driversto assign costs to cost objects.Activity-based management (ABM) Asystemwide, integrated approach thatfocuses management
15、s attention onactivities with the objective of improvingcustomer value and the profitachieved by providing this value. Itincludes driver analysis, activityanalysis, and performance evaluation,and draws on activity-based costingas a major source of information.Activity-based management (ABM)accountin
16、g system An accounting systemthat emphasizes the use ofactivities for assigning and managingcosts.Activity-based responsibility accountingA control system defined bycentering responsibility on processesand teams where activity performanceis measured in terms of time, quality,and efficiency.Actual co
17、sting An approach that assignsactual costs of direct materials,direct labor, and overhead to products.Adjusted cost of goods sold The costof goods sold after all adjustmentsfor overhead variance are made.G l o s s a r y68183_glossary_849-860.qxd 1/22/04 2:27 PM Page 849Budget committee A committee r
18、esponsiblefor setting budgetarypolicies and goals, reviewing and approvingthe budget, and resolving anydifferences that may arise in the budgetaryprocess.Budget director The individual responsiblefor coordinating anddirecting the overall budgetingprocess.Budgetary slack The process ofpadding the bud
19、get by overestimatingcosts and underestimating revenues.Budgets Plans of action expressed infinancial terms.CCapital budgeting The process ofmaking capital investment decisions.Capital investment decisions Theprocess of planning, setting goals andpriorities, arranging financing, andidentifying crite
20、ria for making longterminvestments.Carrying costs The costs of holdinginventory.Cash budget A detailed plan that outlinesall sources and uses of cash.Causal factors Activities or variablesthat invoke service costs. Generally, itis desirable to use causal factors asthe basis for allocating service co
21、sts.Centralized decision making A systemin which decisions are made at thetop level of an organization and localmanagers are given the charge to implementthem.Certified Internal Auditor (CIA) Aperson who has passed a comprehensiveexamination designed to ensuretechnical competence and has twoyears ex
22、perience.Certified Management Accountant(CMA) A person who has passed arigorous qualifying examination, hasmet an experience requirement, andparticipates in continuing education.Certified Public Accountant (CPA) Aperson who is permitted (by law) toserve as an external auditor and whomust pass a nati
23、onal examination andbe licensed by the state in which heor she practices.Continuous replenishment A systemwhere a manufacturer assumes the inventorymanagement function for theretailer.Contribution margin Sales revenueminus total variable cost or price minusunit variable cost.Contribution margin rati
24、o Contributionmargin divided by sales revenue.It is the proportion of each sales dollaravailable to cover fixed costs andprovide for profit.Control The process of setting standards,receiving feedback on actualperformance, and taking correctiveaction whenever actual performancedeviates significantly
25、from plannedperformance.Control activities Activities performedby an organization to prevent or detectpoor quality (because poorquality may exist).Control costs Costs incurred fromperforming control activities.Control limits The maximum allowabledeviation from a standard.Controllable costs Costs tha
26、t managershave the power to influence.Controller The chief accounting officer;supervises all accountingdepartments.Controlling The managerial activityof monitoring a plans implementationand taking corrective action asneeded.Conversion cost The sum of direct laborcost and overhead cost.Core objective
27、s and measures Thoseobjectives and measures common tomost organizations.Cost The cash or cash equivalentvalue sacrificed for goods and servicesthat are expected to bring a currentor future benefit to the organization.Cost assignment The process of associatingthe costs, once measured, withthe units p
28、roduced.Cost behavior The way in which acost changes in relation to changes inactivity usage.Cost center A division of a companythat is evaluated on the basis of cost.Coefficient of correlation The squareroot of the coefficient of determination,which is used to express notonly the degree of correlat
29、ion betweentwo variables but also thedirection of the relationship.Coefficient of determination The percentageof total variability in adependent variable (e.g., cost) that isexplained by an independent variable(e.g., activity level). It assumes avalue between 0 and 1.Committed fixed expenses Expense
30、sincurred for the acquisition of longtermactivity capacity, usually as theresult of strategic planning.Committed resources Resources thatare purchased in advance of usage.These resources may or may not haveunused (excess) capacity.Common costs The costs of resourcesused in the output of two or mores
31、ervices or products.Common fixed expenses Fixed expensesthat cannot be directly tracedto individual segments and that areunaffected by the elimination of anyone segment.Comparable uncontrolled pricemethod The transfer price most preferredby the Internal Revenue Serviceunder Section 482. The comparab
32、leuncontrolled price is essentially equalto the market price.Compounding of interest Paying intereston interest.Constraint set The collection of allconstraints that pertain to a particularoptimization problem.Constraints Mathematical expressionsthat express resource limitations.Consumption ratio The
33、 proportion ofan overhead activity consumed by aproduct.Continuous budget A moving twelvemonthbudget with a future monthadded as the current month expires.Continuous improvement The processof searching for ways of increasingthe overall efficiency and productivityof activities by reducing waste, incr
34、easingquality, and reducing costs.850 68183_glossary_849-860.qxd 1/22/04 2:27 PM Page 850Cost formula A linear function, Y _F _ VX, where Y _ Total mixedcost, F _ Fixed cost, V _ Variablecost per unit of activity, and X _Activity level.Cost measurement The act of determiningthe dollar amounts of dir
35、ectmaterials, direct labor, and overheadused in production.Cost object Any item, such as products,departments, projects, activities,and so on, for which costs are measuredand assigned.Cost of capital The cost of investmentfunds, usually viewed as a weightedaverage of the costs of funds from allsourc
36、es.Cost of goods manufactured The totalcost of goods completed duringthe current period.Cost of goods sold The cost of directmaterials, direct labor, and overheadattached to the units sold.Cost of goods sold budget The estimatedcosts for the units sold.Cost-plus method A transfer price acceptableto
37、the Internal RevenueService under Section 482. The costplusmethod is simply a cost-basedtransfer price.Cost reconciliation The final sectionof the production report that comparesthe costs to account for withthe costs accounted for to ensure thatthey are equal.Costs of quality Costs incurred becausep
38、oor quality may exist orbecause poor quality does exist.Cost-volume-profit graph A graph thatdepicts the relationships among costs,volume, and profits. It consists of atotal revenue line and a total cost line.Currency appreciation When onecountrys currency becomes strongerand can purchase more units
39、 of anothercountrys currency.Currency depreciation When onecountrys currency becomes weakerand can purchase fewer units of anothercountrys currency.Currency risk management A companysmanagement of its transaction,ment and, consequently, disappear ifthe segment is eliminated.Direct labor Labor that i
40、s traceableto the goods or services being produced.Direct labor budget A budget showingthe total direct labor hoursneeded and the associated cost for thenumber of units in the productionbudget.Direct materials Materials that aretraceable to the goods or services beingproduced.Direct materials budget
41、 A budget thatoutlines the expected usage of materialsproduction and purchases of thedirect materials required.Direct method A method that allocatesservice costs directly toproducing departments. This methodignores any interactions that may existamong support departments.Direct tracing The process o
42、f identifyingcosts that are specifically orphysically associated with a cost object.Discount factor The factor used toconvert a future cash flow to its presentvalue.Discount rate The rate of return usedto compute the present value of futurecash flows.Discounted cash flows Future cashflows expressed
43、in present-value terms.Discounting The act of finding thepresent value of future cash flows.Discounting models Capital investmentmodels that explicitly considerthe time value of money in identifyingcriteria for accepting or rejectingproposed projects.Discretionary fixed expenses Expensesincurred for
44、 the acquisition of shorttermcapacity or services, usually asthe result of yearly planning.Double-loop feedback Informationabout both the effectiveness of strategyimplementation and the validity of assumptionsunderlying the strategy.Driver analysis The effort expendedto identify those factors that a
45、re theroot causes of activity costs.economic, and translation exposuredue to exchange rate fluctuations.Currently attainable standards Standardsthat reflect an efficientoperating state; they are rigorous butachievable.Customer perspective A balancedscorecard viewpoint that defines thecustomer and ma
46、rket segments inwhich the business will compete.Customer value Realization less sacrifice,where realization is what thecustomer receives and sacrifice iswhat is given up.Cycle time The length of time requiredto produce one unit of aproduct.DDecentralization The granting ofdecision-making freedom to
47、loweroperating levels.Decentralized decision making A systemin which decisions are made andimplemented by lower-level managers.Decision making The process of choosingamong competing alternatives.Decision model A specific set of proceduresthat, when followed,produces a decision.Decision package A des
48、cription ofservice levels, with associated costs,that a decision unit can or would liketo offer.Defective product A product or servicethat does not conform tospecifications.Degree of operating leverage (DOL)A measure of the sensitivity of profitchanges to changes in sales volume. Itmeasures the perc
49、entage change inprofits resulting from a percentagechange in sales.Dependent variable A variable whosevalue depends on the value of anothervariable. For example, Y in thecost formula Y _ F _ VX dependson the value of X.Direct costs Costs that can be easilyand accurately traced to a cost object.Direc
50、t fixed expenses Fixed costs thatare directly traceable to a given seg- 85168183_glossary_849-860.qxd 1/22/04 2:27 PM Page 851Driver tracing The use of drivers toassign costs to cost objects.Drivers Factors that cause changes inresource usage, activity usage, costs,and revenues.Drum-Buffer-Rope (DBR
51、) System TheTOC inventory management systemthat relies on the drum beat of themajor constrained resources, timebuffers, and ropes to determine inventorylevels.Dumping Predatory pricing in the internationalmarket.Durability The length of time a productfunctions.Dysfunctional behavior Individual behav
52、iorthat conflicts with the goals ofthe organization.EEcoefficiency A view of environmentalmanagement maintaining thatorganizations can produce more usefulgoods and services whilesimultaneously reducing negative environmentalimpacts, resourceconsumption, and costs.Economic order quantity (EOQ) Theamo
53、unt that should be ordered (orproduced) to minimize the total ordering(or setup) and carrying costs.Economic risk The possibility that afirms present value of future cashflows can be affected by exchangefluctuations.Economic value added (EVA) A performancemeasure that is calculatedby taking the afte
54、r-tax operatingprofit minus the total annual cost ofcapital.Electronic business Any businesstransaction or information exchangethat is executed using informationand communication technology.Electronic commerce (e-commerce)Buying and selling products using informationand communicationtechnology.Elect
55、ronic data interchange (EDI) Aninventory management method thatallows suppliers access to a buyerson-line database.External failure costs Costs incurredbecause products fail to conform torequirements after being sold to outsideparties.External linkages The relationship ofa firms activities within it
56、s segmentof the value chain with those activitiesof its suppliers and customers.External measures Measures that relateto customer and shareholderobjectives.FFacility-level activities Activities thatsustain a facilitys general manufacturingprocess.Failure activities Activities performedby an organiza
57、tion or its customers inresponse to poor quality (poor qualitydoes exist).Failure costs The costs incurred by anorganization because failure activitiesare performed.Favorable (F) variances Variancesproduced whenever the actualamounts are less than the budgetedor standard allowances.Feasible set of s
58、olutions The collectionof all feasible solutions.Feasible solution A product mix thatsatisfies all constraints.Features (quality of design) Characteristicsof a product that differentiatefunctionally similar products.Feedback Information that can beused to evaluate or correct the stepsbeing taken to
59、implement a plan.FIFO costing method A process costingmethod that separates units inbeginning inventory from those producedduring the current period. Unitcosts include only current periodcosts and production.Financial accounting information systemAn accounting informationsubsystem that is primarily
60、concernedwith producing outputs for externalusers and uses well-specified economicevents as inputs and processes thatmeet certain rules and conventions.Financial budgets The portions of themaster budget that include the cashEmployee empowerment The authorizationof operational personnel toplan, contr
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 2024年秋新冀教版物理八年级上册课件 第五章 一元一次方程 5.2 一元一次方程
- 个人买卖器材协议书模板
- 终止授权代理协议书模板
- 2024年保密教育培训知识考试题库(含答案)
- 物流的概念丶分类与构成要素
- 世界观与方法论
- 岩石变化学习课件
- 幼儿英语启蒙教案
- 2023-2024学年陕西省韩城市高二上学期期末统考物理试题(解析版)
- 2023年物业服务项目需求分析报告
- 实验室安全管理制度和流程
- 初中数学华东师大九年级上册二次根式《二次根式的乘法》PPT
- JC∕T 2647-2021 预拌混凝土生产企业废水回收利用规范
- 送货单表格(模板)
- 辽宁省沈阳市基层诊所医疗机构卫生院社区卫生服务中心村卫生室名单目录信息
- 大班语言课件《一封图画信》
- 竞选宣传委员-张婧妍课件
- (精品)优秀教师评分表
- 中医医院关于护理人员试用期考核办法的通知
- (完整版)牛羊生产-教学方案
- 心电图机操作评分标准
评论
0/150
提交评论