Management accounting
In Management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, whi...
Management accounting - Wikipedia
NASA’s 2016 Budget Bigger Than Expected
NASA’s ambitious plans for exploring space in the next decade and beyond will require money. Lots of it. The space agency is looking to get the cash train rolling in 2016 with a proposed federal budge...
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One man took to the streets to get the truth about tipping — and you might be surprised by what he found. According to industry experts, tips in the U.S. total around $40 billion a year. But for such...
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Grenzplankostenrechnung (GPK)
Grenzplankostenrechnung (GPK) is a German costing methodology, developed in the late 1940s and 1950s, designed to provide a consistent and accurate application of how managerial costs are calculated a...
Grenzplankostenrechnung (GPK) - Wikipedia
Lean accounting
The purpose of Lean Accounting is to support the lean enterprise as a business strategy. It seeks to move from traditional accounting methods to a system that measures and motivates excellent busines...
Lean accounting - Wikipedia
Resource Consumption Accounting
Resource Consumption Accounting (RCA) is formally defined as a dynamic, fully integrated, principle-based, and comprehensive management accounting approach that provides managers with decision support...
Throughput accounting
Throughput Accounting (TA) is a principle-based and simplified management accounting approach that provides managers with decision support information for enterprise profitability improvement. TA is r...
Throughput accounting - Wikipedia
Transfer pricing
Transfer pricing is the setting of the price for goods and services sold between controlled (or related) legal entities within an enterprise. For example, if a subsidiary company sells goods to a pare...
Transfer pricing - Wikipedia
Budget
A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash f...
Budget - Wikipedia
Cash flow
Cash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, limited period of time. Measurement of cash flow can be used fo...
NASA’s 2016 Budget Bigger Than Expected
NASA’s ambitious plans for exploring space in the next decade and beyond will require money. Lots of it. The space agency is looking to get the cash train rolling in 2016 with a proposed federal budge...
Dual overhead rate
Dual Overhead Rate Recovery is used in construction contracting as a costing equation for bidding a project, costing an existing project or allocating corporate overhead to multiple divisions of const...
Inventory valuation
An inventory valuation allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business, and proper measurement of t...
Inventory turnover
In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. The equation for inventory turnover equals the Cost of goods sold d...
Direct material price variance
In variance analysis (accounting) direct material price variance is the difference between the standard cost and the actual cost for the actual quantity of material used or purchased. It is one of the...
Overhead (business)
In business, overhead or overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense". Overheads are the expenditure which cannot be conveniently t...
Discounted payback period
The discounted payback period is the amount of time that it takes to cover the cost of a project, by adding positive discounted cash flow coming from the profits of the project. The advantage of usin...
Net present value
In finance, the net present value (NPV) or net present worth (NPW) is defined as the sum of the present values (PVs) of incoming and outgoing cash flows over a period of time. Incoming and outgoing ca...
RCA open-source application
RCA Open-Source Application (ROSA) is an open-source management accounting application that aims to provide decision support information to managers. Resource consumption accounting (RCA) is a princip...
RCA open-source application - Wikipedia
Direct material total variance
In variance analysis (accounting) direct material total variance is the difference between the actual cost of actual number of units produced and its budgeted cost in terms of material. Direct mater...
Marginal budgeting for bottlenecks
The marginal budgeting for bottlenecks tool (MBB) is an analytical costing and budgeting tool that helps countries develop their health plans by taking into account the most effective interventions, c...
Total benefits of ownership
Total benefits of ownership (TBO) is a calculation that tries to summarize the positive effects of acquisition of new computer components. These effects might be increases in high-value work, improvem...
FCC LLC
FCC, LLC, also known as First Capital, is a commercial financial services firm providing working capital and outsourcing, primarily for middle-market companies and institutions.The company reports ove...
Target costing
Target costing is a pricing method used by firms. It is defined as "a cost management tool for reducing the overall cost of a product over its entire life-cycle with the help of production, engineeri...
Performance-based budgeting
Performance-based budgeting is the practice of developing budgets based on the relationship between program funding levels and expected results from that program. The performance-based budgeting proce...
Activity-based management
Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs using activity-based costing to carry out a value chain analysis or a re-engineering initi...
Comparison of management accounting and financial accounting
The differences between management accounting and financial accounting include:Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any peri...
Comparison of management accounting and financial accounting - Wikipedia