Koofers

Chap 7 Terms - Flashcards

Flashcard Deck Information

Class:ACTG 212 - Fundamentals of Managerial Accounting
Subject:Accounting
University:Radford University
Term:Fall 2009
- of -
INCORRECT CORRECT
- INCORRECT     - CORRECT     - SKIPPED
Shuffle Remaining Cards Show Definitions First Take Quiz (NEW)
Hide Keyboard shortcuts
Next card
Previous card
Mark correct
Mark incorrect
Flip card
Start Over
Shuffle
      Mode:   CARDS LIST       ? pages   PRINT EXIT
Budget A quantitative plan for acquiring and using resources over a specified time period.
Budget Committee Group of key managers who are responsible for overall budgeting policy and for coordinating the preparation of the budget.
Cash Budget Detailed plan showing how cash resources will be aquired and used over a specific time period.
Ending finished goods inventory budget budget shows the dollar amount of unsold finished goods inventory that will appear on the ending balance sheet.
Generated by Koofers.com
Production Budget Plan showing how many units must be produced during a period in order to satisfy both sales and inventory needs.
Responsibility Accounting System of accountability where managers are responsible for those items of revenue and cost of which they have significant control over.
Generated by Koofers.com

List View: Terms & Definitions

  Hide All 6 Print
 
Front
Back
 BudgetA quantitative plan for acquiring and using resources over a specified time period.
 Budget CommitteeGroup of key managers who are responsible for overall budgeting policy and for coordinating the preparation of the budget.
 Cash BudgetDetailed plan showing how cash resources will be aquired and used over a specific time period.
 Ending finished goods inventory budgetbudget shows the dollar amount of unsold finished goods inventory that will appear on the ending balance sheet.
 Production BudgetPlan showing how many units must be produced during a period in order to satisfy both sales and inventory needs.
 Responsibility AccountingSystem of accountability where managers are responsible for those items of revenue and cost of which they have significant control over.
36, "/var/app/current/tmp/"