Index
A
absorption costing
6.5 Compare and Contrast Variable and Absorption Costing
accounting rate of return (ARR)
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
activity base
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
activity-based costing
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method,
6.3 Calculate Activity-Based Product Costs
After-tax income
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
allocated costs
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers,
10.4 Evaluate and Determine Whether to Keep or Discontinue a Segment or Product
annuities due
11.3 Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
Asset turnover
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
attainable standard
8.1 Explain How and Why a Standard Cost Is Developed
Automation
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
Average fixed cost (AFC)
2.2 Identify and Apply Basic Cost Behavior Patterns
Average variable cost (AVC)
2.2 Identify and Apply Basic Cost Behavior Patterns
avoidable cost
10.1 Identify Relevant Information for Decision-Making
B
balanced scorecard
12.4 Describe the Balanced Scorecard and Explain How It Is Used
balanced scorecard (BSC)
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
Baseline criteria
11.1 Describe Capital Investment Decisions and How They Are Applied
batch-level cost
6.3 Calculate Activity-Based Product Costs
board of directors
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
break-even point
3.2 Calculate a Break-Even Point in Units and Dollars
bribery
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
Brundtland Commission Report
13.1 Describe Sustainability and the Way It Creates Business Value
budgeted balance sheet
7.3 Prepare Financial Budgets
budgeted income statement
7.2 Prepare Operating Budgets
business sustainability
13.1 Describe Sustainability and the Way It Creates Business Value
C
capital asset budget
7.3 Prepare Financial Budgets
Capital assets
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
capital budgeting
11.1 Describe Capital Investment Decisions and How They Are Applied
capital expenditure budget
7.3 Prepare Financial Budgets
Capital investment
11.1 Describe Capital Investment Decisions and How They Are Applied
carbon footprint
13.1 Describe Sustainability and the Way It Creates Business Value
cash budget
7.3 Prepare Financial Budgets
cash collections schedule
7.3 Prepare Financial Budgets
cash outflow
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
cash payments schedule
7.3 Prepare Financial Budgets
cash-management accountant
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Certified Fraud Examiner (CFE)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Certified Government Auditing Professional (CGAP)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Certified Internal Auditor (CIA)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Certified Management Accountant (CMA)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Certified Public Accountant (CPA)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
charitable giving
13.1 Describe Sustainability and the Way It Creates Business Value
Chartered Financial Analyst (CFA)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
chief executive officer (CEO)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
chief financial officer (CFO)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Commercial awareness
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Common fixed costs
6.5 Compare and Contrast Variable and Absorption Costing
composite unit
3.4 Perform Break-Even Sensitivity Analysis for a Multi-Product Environment Under Changing Business Situations
Compounding
11.3 Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
Continuous improvement
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
Contribution margin
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin
contribution margin income statement
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin
contribution margin per unit
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin
contribution margin ratio
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin
Controllable costs
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers
controllable factors
12.1 Explain the Importance of Performance Measurement
Controlling
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
conversion costs
2.2 Identify and Apply Basic Cost Behavior Patterns,
4.1 Distinguish between Job Order Costing and Process Costing,
5.1 Compare and Contrast Job Order Costing and Process Costing
corporate social responsibility
13.1 Describe Sustainability and the Way It Creates Business Value
Corporate social responsibility (CSR)
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
cost approach
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers
cost behaviors
2.2 Identify and Apply Basic Cost Behavior Patterns
cost center
9.3 Describe the Types of Responsibility Centers,
12.1 Explain the Importance of Performance Measurement
cost driver
2.2 Identify and Apply Basic Cost Behavior Patterns,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
6.2 Describe and Identify Cost Drivers
cost of goods manufactured
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
cost of goods sold
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
cost per unit
6.3 Calculate Activity-Based Product Costs
cost-volume-profit (CVP) analysis
3.2 Calculate a Break-Even Point in Units and Dollars
costs of goods sold
5.1 Compare and Contrast Job Order Costing and Process Costing
D
Decentralization
9.1 Differentiate between Centralized and Decentralized Management
differential analysis
10.1 Identify Relevant Information for Decision-Making
differential cost
10.1 Identify Relevant Information for Decision-Making
differential revenue
10.1 Identify Relevant Information for Decision-Making
Direct labor
2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
direct labor budget
7.2 Prepare Operating Budgets
direct labor rate variance
8.3 Compute and Evaluate Labor Variances
direct labor time variance
8.3 Compute and Evaluate Labor Variances
direct labor variance
8.3 Compute and Evaluate Labor Variances
Direct material
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
Direct materials
2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
direct materials budget
7.2 Prepare Operating Budgets
direct materials price variance
8.2 Compute and Evaluate Materials Variances
direct materials quantity variance
8.2 Compute and Evaluate Materials Variances
direct materials variance
8.2 Compute and Evaluate Materials Variances
discount cash flow model
11.4 Use Discounted Cash Flow Models to Make Capital Investment Decisions
Discounting
11.3 Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
discretionary cost center
9.3 Describe the Types of Responsibility Centers
E
Economic value added (EVA)
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
effective communication
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
Enrolled Agent (EA)
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
enterprise resource planning (ERP)
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
Environmental sustainability
13.1 Describe Sustainability and the Way It Creates Business Value
equivalent units
5.1 Compare and Contrast Job Order Costing and Process Costing
estimated activity base
4.4 Compute a Predetermined Overhead Rate and Apply Overhead to Production
ethics
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
Evaluating
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
expense recognition principle
4.1 Distinguish between Job Order Costing and Process Costing,
5.1 Compare and Contrast Job Order Costing and Process Costing,
6.5 Compare and Contrast Variable and Absorption Costing
external users
1.2 Distinguish between Financial and Managerial Accounting
F
factory-level cost
6.3 Calculate Activity-Based Product Costs
favorable variance
8.1 Explain How and Why a Standard Cost Is Developed
financial accounting
1.2 Distinguish between Financial and Managerial Accounting
Financial Accounting Standards Board (FASB)
1.2 Distinguish between Financial and Managerial Accounting
financial budget
7.1 Describe How and Why Managers Use Budgets
finished goods inventory
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts,
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
Fixed assets
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
Fixed costs
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin,
10.1 Identify Relevant Information for Decision-Making
fixed factory overhead variance
8.4 Compute and Evaluate Overhead Variances
flow of goods through production
4.1 Distinguish between Job Order Costing and Process Costing
Foreign Corrupt Practices Act (FCPA)
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
full-cost accounting
13.1 Describe Sustainability and the Way It Creates Business Value
G
GAAP
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards,
6.5 Compare and Contrast Variable and Absorption Costing
generally accepted accounting principles (GAAP)
1.2 Distinguish between Financial and Managerial Accounting
Global Reporting Initiative (GRI)
13.3 Discuss Examples of Major Sustainability Initiatives
globalization
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
goal congruence
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers,
12.1 Explain the Importance of Performance Measurement
goals
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
Government agencies
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
H
I
ideal standard
8.1 Explain How and Why a Standard Cost Is Developed
Incremental expenses
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
incremental net income
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
Incremental revenues
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
indirect labor
2.2 Identify and Apply Basic Cost Behavior Patterns,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
indirect material
2.2 Identify and Apply Basic Cost Behavior Patterns,
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
Indirect materials
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
initial investment
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
Institute of Management Accountants (IMA)
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
intangible goods
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
intangible products
2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations
Integrated Reporting
13.3 Discuss Examples of Major Sustainability Initiatives
internal rate of return (IRR)
11.4 Use Discounted Cash Flow Models to Make Capital Investment Decisions
internal users
1.2 Distinguish between Financial and Managerial Accounting
inventory account
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
Invested capital
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
investment center
9.3 Describe the Types of Responsibility Centers,
12.1 Explain the Importance of Performance Measurement
irrelevant cost
10.1 Identify Relevant Information for Decision-Making
irrelevant revenue
10.1 Identify Relevant Information for Decision-Making
J
job cost sheet
4.1 Distinguish between Job Order Costing and Process Costing,
4.5 Compute the Cost of a Job Using Job Order Costing
job order cost system
4.5 Compute the Cost of a Job Using Job Order Costing
Job order costing
4.1 Distinguish between Job Order Costing and Process Costing,
4.1 Distinguish between Job Order Costing and Process Costing,
4.1 Distinguish between Job Order Costing and Process Costing
Just-in-time (JIT) manufacturing
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
K
L
lean business model
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
Lean Six Sigma (LSS)
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
loss leader
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
Lower-level management
9.1 Differentiate between Centralized and Decentralized Management
M
management control system
9.1 Differentiate between Centralized and Decentralized Management
Managerial accounting
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management,
1.2 Distinguish between Financial and Managerial Accounting
manufacturing costs
4.1 Distinguish between Job Order Costing and Process Costing,
5.1 Compare and Contrast Job Order Costing and Process Costing
manufacturing organization
2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations
Manufacturing overhead
2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
manufacturing overhead budget
7.2 Prepare Operating Budgets
manufacturing overhead costs
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
market price approach
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers
master budget
7.1 Describe How and Why Managers Use Budgets
materials requisition form
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
Mid-level management
9.1 Differentiate between Centralized and Decentralized Management
minimum required rate of return
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
mission statement
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
monetary accounting information
1.2 Distinguish between Financial and Managerial Accounting
N
negotiated price approach
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers
Net present value (NPV)
11.4 Use Discounted Cash Flow Models to Make Capital Investment Decisions
non-renewable resources
13.1 Describe Sustainability and the Way It Creates Business Value
Non-time value methods
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
nonmonetary accounting information
1.2 Distinguish between Financial and Managerial Accounting
Nonprofit (not-for-profit) organizations
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
O
objectives
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
Operating assets
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
operating budget
7.1 Describe How and Why Managers Use Budgets
Operating budgets
7.2 Prepare Operating Budgets
operating expense
11.1 Describe Capital Investment Decisions and How They Are Applied
operating income
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
operating overhead
4.8 Explain How a Job Order Cost System Applies to a Nonmanufacturing Environment
opportunity costs
10.1 Identify Relevant Information for Decision-Making
ordinary annuity
11.3 Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
organizational chart
1.3 Explain the Primary Roles and Skills Required of Managerial Accountants,
9.2 Describe How Decision-Making Differs between Centralized and Decentralized Environments
Outsourcing
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting,
10.3 Evaluate and Determine Whether to Make or Buy a Component
overapplied overhead
4.6 Determine and Dispose of Underapplied or Overapplied Overhead
overhead
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
overhead variances
8.4 Compute and Evaluate Overhead Variances
P
P/E ratio
13.2 Identify User Needs for Information
Paris Climate Agreement
13.1 Describe Sustainability and the Way It Creates Business Value
payback method (PM)
11.2 Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
performance measurement system
12.1 Explain the Importance of Performance Measurement
performance measures
12.1 Explain the Importance of Performance Measurement
Period costs
2.2 Identify and Apply Basic Cost Behavior Patterns,
5.1 Compare and Contrast Job Order Costing and Process Costing
planning
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
predetermined overhead allocation rate
4.4 Compute a Predetermined Overhead Rate and Apply Overhead to Production
predetermined overhead rate
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
preference decision
11.1 Describe Capital Investment Decisions and How They Are Applied
present value
11.3 Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
Present value (PV)
11.3 Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
price-earnings ratio
13.2 Identify User Needs for Information
Primary users
13.2 Identify User Needs for Information
Prime costs
2.2 Identify and Apply Basic Cost Behavior Patterns,
4.1 Distinguish between Job Order Costing and Process Costing,
5.1 Compare and Contrast Job Order Costing and Process Costing
process costing
4.1 Distinguish between Job Order Costing and Process Costing,
4.1 Distinguish between Job Order Costing and Process Costing,
5.1 Compare and Contrast Job Order Costing and Process Costing
Product costs
2.2 Identify and Apply Basic Cost Behavior Patterns,
5.1 Compare and Contrast Job Order Costing and Process Costing
product-level cost
6.3 Calculate Activity-Based Product Costs
production budget
7.2 Prepare Operating Budgets
production cost report
5.3 Explain and Compute Equivalent Units and Total Cost of Production in an Initial Processing Stage
Productive assets
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
profit center
9.3 Describe the Types of Responsibility Centers,
12.1 Explain the Importance of Performance Measurement
profit margin percentage
9.3 Describe the Types of Responsibility Centers
Q
qualitative factor
10.1 Identify Relevant Information for Decision-Making
qualitative factors
12.4 Describe the Balanced Scorecard and Explain How It Is Used
quantitative factor
10.1 Identify Relevant Information for Decision-Making
quantitative factors
12.4 Describe the Balanced Scorecard and Explain How It Is Used
R
radio-frequency identification (RFID)
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
raw materials inventory
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts,
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
relevant cost
10.1 Identify Relevant Information for Decision-Making
relevant range
2.2 Identify and Apply Basic Cost Behavior Patterns,
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin,
10.2 Evaluate and Determine Whether to Accept or Reject a Special Order
relevant revenue
10.1 Identify Relevant Information for Decision-Making
renewable energy
13.1 Describe Sustainability and the Way It Creates Business Value
reporting
1.2 Distinguish between Financial and Managerial Accounting,
1.2 Distinguish between Financial and Managerial Accounting,
1.2 Distinguish between Financial and Managerial Accounting
residual income (RI)
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
Residual income (RI)
9.3 Describe the Types of Responsibility Centers
Responsibility accounting
9.3 Describe the Types of Responsibility Centers,
12.1 Explain the Importance of Performance Measurement
responsibility centers
9.3 Describe the Types of Responsibility Centers
Return on investment
9.3 Describe the Types of Responsibility Centers
return on investment (ROI)
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
revenue center
9.3 Describe the Types of Responsibility Centers,
12.1 Explain the Importance of Performance Measurement
Robinson-Patman Act
10.2 Evaluate and Determine Whether to Accept or Reject a Special Order
rolling budget
7.1 Describe How and Why Managers Use Budgets
S
sales budget
7.2 Prepare Operating Budgets
Sales margin
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
Sarbanes-Oxley Act of 2002 (SOX)
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
screening decision
11.1 Describe Capital Investment Decisions and How They Are Applied
SEC
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
secondary users
13.2 Identify User Needs for Information
segments
9.2 Describe How Decision-Making Differs between Centralized and Decentralized Environments
Selling and administrative (S&A) expenses
5.1 Compare and Contrast Job Order Costing and Process Costing
Selling and administrative costs
4.1 Distinguish between Job Order Costing and Process Costing
selling and administrative expense budget
7.2 Prepare Operating Budgets
sensitivity analysis
3.3 Perform Break-Even Sensitivity Analysis for a Single Product Under Changing Business Situations
service industries
4.8 Explain How a Job Order Cost System Applies to a Nonmanufacturing Environment
service organization
2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations
Sherwin Williams
4.1 Distinguish between Job Order Costing and Process Costing
short-term decision analysis
10.1 Identify Relevant Information for Decision-Making
social contract
13.2 Identify User Needs for Information
split-off point
10.5 Evaluate and Determine Whether to Sell or Process Further
spoilage
5.3 Explain and Compute Equivalent Units and Total Cost of Production in an Initial Processing Stage
Stakeholders
12.4 Describe the Balanced Scorecard and Explain How It Is Used,
13.1 Describe Sustainability and the Way It Creates Business Value
standard cost
8.1 Explain How and Why a Standard Cost Is Developed
static budget
7.4 Prepare Flexible Budgets
stepped cost
2.2 Identify and Apply Basic Cost Behavior Patterns
strategic plan
12.1 Explain the Importance of Performance Measurement
strategic planning
1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
sustainability
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting,
13.1 Describe Sustainability and the Way It Creates Business Value
Sustainability Accounting Standards Board (SASB)
13.3 Discuss Examples of Major Sustainability Initiatives
sustainability report
13.1 Describe Sustainability and the Way It Creates Business Value
sustainable development
13.1 Describe Sustainability and the Way It Creates Business Value
T
tangible goods
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
target pricing
3.3 Perform Break-Even Sensitivity Analysis for a Single Product Under Changing Business Situations
technology
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
theory of constraints (TOC)
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
time tickets
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
time value of money
11.3 Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
total contribution margin
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin
total direct labor variance
8.3 Compute and Evaluate Labor Variances
total direct materials cost variance
8.2 Compute and Evaluate Materials Variances
total fixed costs
2.2 Identify and Apply Basic Cost Behavior Patterns
Total quality management (TQM)
1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
total variable costs
2.2 Identify and Apply Basic Cost Behavior Patterns
total variable overhead cost variance
8.4 Compute and Evaluate Overhead Variances
Traditional allocation
6.1 Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method,
6.4 Compare and Contrast Traditional and Activity-Based Costing Systems
transfer pricing
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers
triple bottom line
13.1 Describe Sustainability and the Way It Creates Business Value
U
unavoidable cost
10.1 Identify Relevant Information for Decision-Making
Uncontrollable costs
9.4 Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers
uncontrollable factors
12.1 Explain the Importance of Performance Measurement
underapplied overhead
4.6 Determine and Dispose of Underapplied or Overapplied Overhead
unfavorable variance
8.1 Explain How and Why a Standard Cost Is Developed
unit contribution margin
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin,
10.6 Evaluate and Determine How to Make Decisions When Resources Are Constrained
unit contribution margin per production restraint
10.6 Evaluate and Determine How to Make Decisions When Resources Are Constrained
unit-level cost
6.3 Calculate Activity-Based Product Costs
Upper management
9.1 Differentiate between Centralized and Decentralized Management
V
variable cost
2.2 Identify and Apply Basic Cost Behavior Patterns
Variable costing
6.5 Compare and Contrast Variable and Absorption Costing
Variable costs
3.1 Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin,
10.1 Identify Relevant Information for Decision-Making
variable overhead efficiency variance
8.4 Compute and Evaluate Overhead Variances
variable overhead rate variance
8.4 Compute and Evaluate Overhead Variances
W
weighted average cost of capital (WACC)
12.3 Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
Whistleblowers
1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
work in process inventory
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
4.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing,
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts,
4.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
Z
Zero-based budgeting
7.1 Describe How and Why Managers Use Budgets