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23 Cards in this Set
- Front
- Back
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Activity-based Costing Systems
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Help managers in describing processes, identifying cost drivers of each process, and then determining the unit costs of products associated with drivers
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Business Process Reengineering BPR
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Techniques used by organizations to redesign their business process from scratch
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Business Process Management BPM Software
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Software solutions that help companies collect corporate knowledge, data, and business rules into a business system to improve core business processes
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Change Management
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A systematic approach to introducing dynamic change or dynamic change or disruption in an organization
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Cost Accounting Subsystems
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Generally associated with manufacturing firms, this subsystem provides important control information (such as variance reports) and is usually either job costing or process costing
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Electronic Funds Transfer EFT
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A cash management technique whereby the transfer of funds is electronic or computer-to-computer
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Enterprise Asset Management EAM
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A means of automating the management of a broad spectrum of assets
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Financial Planning Models
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Information systems that aid financial managers in selecting an optimum strategy for acquiring and investing financial resources
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Financing Process
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The process by which a company acquires and uses financial resources such as cash, other liquid assets, and investments
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Fixed Asset Management
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Management of the purchase, maintenance, valuation, and disposal of an organization's fixed assets
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Human Resource Management
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An activity of an organization that includes the personnel function and the payroll function
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JIT Information Systems
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An inventory system whose objective is to minimize inventories at all levels of production
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Job Costing Information Systems
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A system of costing that keeps track of the specific costs for raw materials, labor, and overhead associated with each product or group of products
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Lean Accounting
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Performance measurement systems used in lean manufacturing
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Lean Production/ Manufacturing
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Concept that a company makes the commitment to eliminate waste throughout the organization (not just in production)
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Lockbox Systems
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A tool used by a company to reduce the float period during which checks clear the bank
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Non-Value-Added Waste
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Eliminated or reduced to improve overall customer value and to increase the profitability of the products or services that the organization offers
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Payroll Processing Information Systems
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A means of paying employees for their work, maintaining employee earnings records, complying with government tax and reporting requirements, reporting on various deduction categories, and interacting with other personnel functions
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Process Costing Information Systems
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A system that uses averages to calculate the costs associated with goods in process and finished goods produced
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Third-Party Billing
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Time and Billing Information Systems
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Similar to job order costing systems, tracking hours and costs associated with each job and each employee
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Value Stream Management
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A management process that controls activities that generate value in a product or service rather than by functional area
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Vertical Market
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Markets or industries that are distinct in terms of the services they provide or the goods they produce
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