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