Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

BEC > BEC 3 HW > Flashcards

BEC 3 HW Flashcards

1
Q

mnemonic: SEC consider what factor when selecting puc co for review

A

(C PERV) C=large market Cap; P=diff P/e ratio; E=affect Economy; R=issued mat Restatemnt; V=Volatility in stock

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Information Quality

A

(FAIR) F=Fair; A=Accurate,Accessible,Appropriate, C=Current; T=Timely

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

CRIME (COSO Framework)

A

Control Environment; mgmt Risk Assess; Info & comm sys; Monitoring; Exist control activities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

mnemonic: Components of ERM

A

(CRRRIMES) C=Control/internal enviro; R=assess Risk; R=id Risk; R=Risk response; I=Info & comm sys; M=Monitoring; E=Effective control activities; S=Setting objectives (orcS)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Control/Internal Environment Factors

A

(EBOCA HR) E=Ethical val & integrity; B=Board oversight; O=Org structure; C=Commitment to Competence; A=Accountability; HR=hiring, risk mgmt/appetite

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

objectives of cost accounting

A

(PIE) P=Product costing; I=Income; E=Efficiency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

OPERATING budgets contain what factors? 4

A

(PPSS)Personnel, Production, Sales, Selling/Admin

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

3 major section of CASH BUDGET

A
  1. Cash Available; 2. Cash Disbursement; 3. Financing=line of credit
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

variable needed for flex budgets

A
  1. rev per unit; 2. vc per unit; 3. fc per unit
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Order of budget preparation (5)

A

(Some People Make Cash Payments) 1. Sales; 2. Production; 3. Materials/Labo/OH purchased; 4. Cash; 5. Pro Forma F/s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

3 purposes of standard costing systems

A
  1. cost control; 2. variance analysis; 3. learn from & improve processes
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

4 measures of SBU to which mgmt is held accountable

A

(CRPI=mgmt is creepy) C=Cost; R=Revenue; P=Profit; I=Investment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

FEEDBACK w/in financial scorecards must be (AT US)

A

Accurate, Timely, Understandable, Specific

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Factors w/in the BALANCED SCORECARD

A

(FICA) F=Financial; I=Internal bus processes; C=Customer satisfaction; A=Advancement of innovation & hr develpmnt

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

3 examples of off b/s transactions

A
  1. op lease; 2. lawsuits; 3. related party trans
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

FC / CM% =

A

Breakeven

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Critical Success Factors are classified as 4 (hint Financial & non financial)

A

Human resource(aka Learning & Growth & Innovation), Business process, Customer satisfaction, Financial performance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

COGM =

A

DM+DL+OH app + Bwip - Ewip

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

COGS =

A

COGM + Bfg - Efg

20
Q

discount percentage rate aka

A

hurdle rate

21
Q

____ is best ‘long-range’ capital budgeting model

A

Discounted Cash Flow Model

22
Q

pv of future cash inflows / pv of initial investment =

A

profitability index (closely related to npv)

23
Q

in order to accept a project the ____ must be less thann the project’s IRR

A

required rate of return (hurdle)

24
Q

IRR =

A

Investment / Cash Flows = PV Factor

25
Q

NPV =

A

Disc Cash Flow (after tax) - Initial Investment

26
Q

IRR is when ____ = ____

A

NPV = 0 zero

27
Q

Profitablility Index =

A

pv of future cash inflows / pv of initial investment =

28
Q

Profitablility Index is used when

A

CAPITAL RATIONING is considered

29
Q

CAPM formula =

A

Risk free rate + Beta (Market rate - Risk free rate)

30
Q

NI / Investment =

A

ROI

31
Q

in residual income, the imputed rate is based off

A

the historical WACC for a co

32
Q

“not taking discount” Q formula =

A

(360 / pay period ‘30’ - disc period ‘10’ days) x (disc % / 100% - disc%)

33
Q

order point when carrying costs = restocking costs

A

Economic order quantity

34
Q

____ / Ave Ass = Ass TO

A

SALES

35
Q

optimal capitalization level for an organization is determined by

A

WACC

36
Q

ROI encourages (negative)

A

Shortsighted behavior

37
Q

Cash Conversion Cycle =

A

Invy conversion period + A/R collection period - A/P deferral period

38
Q

Invy conversion period + A/R collection period - A/P deferral period =

A

Cash Conversion Cycle

39
Q

ebitda / interest expense =

A

times interest earned

40
Q

included in disc cash flow anal 4

A
  1. future op cash save; 2. future ass dc; 3. current ass dc; 4. tax effects of future ass depre
41
Q

% change in stock price / % change in market price =

A

BETA

42
Q

high op leverage implies that

A

profits are more sensitive to changes in sales volume

43
Q

significant debt financing indicates

A

high degree of fin leverage

44
Q

ave daily sales x ave collection period =

A

ave gross a/r

45
Q

carrying costs include 3

A

Insurance, Cost of Capital invested in invy, Obsolescence

BEC (12 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions