Management Accounting Terminology (LO1-5)

Match the following terms with the best descriptions. Each description is used only once.

Terms ethics 9. Organizational cost driver 2. Mission 10. Financial accounting 3. Controlling 11. Activity cost driver 4. Goal 12. Structural cost driver 5. Cost drivers 13. Managerial accounting 6. Quality 14. Resources 7. Balance sheet 15. Product differentiation 8. Income statement Description

a. Designing components so they are easily assembled

b. Factors that influence costs

c. Prepared as of a point in time

d. Accounting for external users

e. Increase year 2011 sales by 10 percent over year 2010 sales

f- Shows the results of operations for a period of time g. Packing an order for shipment 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

!. ‘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  (p. 21)