Managerial Accounting Flashcards
The highest concern of financial accounting is…
meeting the needs of internal users
cost accounting serves as a bridge between…
financial and managerial accounting
the expression of what an organization wishes to accomplish and how it will serve its customers is contained in the
mission statement
core competencies are not
attributes that keep a firm from competing
the set of processes that convert inputs into services and products that consumers use is the …
value chain
the value chain is the foundation for…
strategic resource managements
the learning and growth perspective of the balanced scorecard focuses on using …
and organization’s intellectual capital to adapt to or influence customer needs and expectations
the balanced scorecard perspective that addresses concerns about organizational growth is the…
financial perspective
the ethical standards established for management accountant are in the areas of …
competence, confidentiality, integrity, and credibility
The ethical standard that has been violated if an accountant fails to prepare financial statements according to industry standards is…
competence
