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 driver

6.Quality

7.Balance statement

8.Income statement

9.Strategic cost management

10.Financial accounting

11.Activity cost driver

12.Structural cost driver

13.Managerial accounting

14.Resources

15.Product differentiation

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 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

l. The propriety of taking some action

m. Reduces customer price sensitivity

n. Basic purpose toward which activities are directed

0. Comparing the budget with the actual results