Class 8/26 Chapter 1 Flashcards

1
Q

How is Managerial vs financial view.

A

Forward Looking

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2
Q

Terms you will learn

A

Direct vs Indirect Costs

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3
Q

Other Costs

A

Materials, Labor, and Overhead also prim vs conversion

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4
Q

Behavior Costs

A

fixed vs variable vs step

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5
Q

Function

A

Product vs period(manufacturing vs non-manufacturing

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6
Q

Information use:

A

Relevant vs irrelevant

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7
Q

Product Pricing

A

Job Order Costing
Process Costing
Activity based costing

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8
Q

Income and balance sheet preparation

A

can help you cheat in accounting

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9
Q

Chapter 8

A

budgets

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10
Q

Variance Analysis

A

Chapter 9 who is responsible for the costs

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11
Q

Bribery Chapter 9

A

Trends in SEC, Case study of BAE systems

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12
Q

Chapter 13 Balanced Scorecard

A

short term vs long term

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13
Q

Relevant Costs

A

info that is relevant to a decision

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14
Q

Ethics Chapters

A

Final Chapters, IMA Statement of Ethics

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15
Q

Health South Fraud

A

slippery slope to financial fraud

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16
Q

Emails where?

A

syllabus

17
Q

Quizzes how to succeed

A

read the chapters

18
Q

Next Time

A

Finish Handout