Management Accounting Official TerminologyThe ever-evolving nature of accountant and emphasis on professional accountability means that all busness professionals need to ensure they are up-to-date with the latest developments. This latest revision of CIMA's Official Terminology addresses this need defining relevant terms used in today's business environment.
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Contents
Strategic and Organisational Management | 45 |
Governance and Compliance | 57 |
Corporate Finance and Treasury | 83 |
International Financial Reporting Standards | 99 |
United Kingdom Accounting Standards | 101 |
Index | 103 |
Common terms and phrases
ABSORPTION COSTING Accounting Standards achieve activity activity-based costing actual sales amount analysis audit balance sheet breakeven calculated capital employed cash flow statement cash flows CIMA contract contribution contribution/profit cost centre cost of sales Current assets debt direct labour rate discounted dividend economic value added efficiency entity entity’s equity instruments example factor fair value Figure financial asset financial instruments financial statements fixed cost fixed production overhead funds holders IASB IFRS income statement internal inventory issue labour rate liabilities management accounting margin material usage measure method Official Terminology operations option organisation output P/E ratio payable payment performance planning price variance product or service profit variance purchase rate per hour ratio refer to IAS revenue risk sales volume share capital shareholders specific SSAP standard cost standard hours strategies transactions variable costs variable production overhead variance