2. Management Accounting Terminology Match the following terms with the best descriptions. Each description is used only

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2. Management Accounting Terminology Match the following terms with the best descriptions. Each description is used only once. Terms 1. Ethics 2. Mission 3. Controlling 4. Goal 5. Cost drivers 6. Quality 7. Balance sheet 8. Income statement 9. Strategic cost management 10. Financial accounting 11. Activity cost driver 12. Structural cost driver 13. Managerial accounting 14. 15. Product differentiation Resources Description

a. Making decisions concerning specific cost drivers

b. Factors that influence costs

c. Reports a company's financial position

d. Accounting for external users

e. Increase year 2017 sales by 10 percent over year 2016 sales

f. Shows the results of operations for a period of time g. Packing an order for shipmen h. Deciding to limit market focus to a region rather than the entire nation i. The degree to which a new e-book reader meets a buyer's expectations j. Used internally to make decisions k. Consumed by activities 1. The propriety of taking some action m. Reduces customer price sensitivity n. Basic purpose toward which activities are directed o. Comparing the budget with the actual results

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Managerial Accounting

ISBN: 9781618532350

8th Edition

Authors: Morse Hartgraves

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