Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/5

Click to flip

5 Cards in this Set

  • Front
  • Back
  • 3rd side (hint)
What is the definition of financial accounting?
Accounting that focuses on reporting to external parties such as investors, government agencies, banks, and suppliers.
external, internal, mix
What is the def for Cost Accounting?
Measurers, analyzes and reports financial and non financial information relating to the costs of acquiring or using resources in an organization.
relates to...
Define Management accounting
Measures, analyzes, and reports financial and non-financial information that helps managers make decisions to fulfill the goals of an organization.
similar to cost definition
What is a strategy?
specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.
a plan
What are the 3 ways management accountants contribute to decision making?
Problem, solving, score keeping, attention directing