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5 Cards in this Set

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  • 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