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Resource management

In organizational studies, resource management is the efficient and effective development of an organizations resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or in ...

Ship management

When a ship is purchased for importing and exporting goods, a ship management team is required to maintain and operate the vessels. The function of the management team is to provide the owner with support throughout the occupancy or charter of th ...

Stress management

Stress management is a wide spectrum of techniques and psychotherapies aimed at controlling a persons level of stress, especially chronic stress, usually for the purpose of and for the motive of improving everyday functioning. In this context, th ...

Supply chain management

In commerce, supply chain management, the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. Intercon ...

Team management

Team management is the ability of an individual or an organization to administer and coordinate a group of individuals to perform a task. Team management involves teamwork, communication, objective setting and performance appraisals. Moreover, te ...

Technology management

Technology management is a set of management disciplines that allows organizations to manage their technological fundamentals to create competitive advantage. Typical concepts used in technology management are: Technology project portfolio a set ...

Venture management

Venture management is a business management discipline that focuses on being both innovative and challenging in the realm of introducing what could be a completely new product or entering a promising newly emerging market. The discipline is focus ...

Waste management

Waste management include the activities and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment and disposal of waste, together with monitoring and regulation of the waste ...

Waste management in South Korea

Waste management in South Korea involves waste generation reduction and ensuring maximum recycling of the waste. This includes the appropriate treatment, transport, and disposal of the collected waste. South Koreas Waste Management Law was establ ...

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, which aids their management and performance of co ...

Managerial risk accounting

Managerial Risk Accounting is concerned with the generation, dissemination and use of risk related accounting information to managers within organisations to enable them to judge and shape the risk situation of the organisation according to the o ...

Variable costing

Variable costing is a managerial accounting cost concept. Under this method, manufacturing overhead is incurred in the period that a product is produced. This addresses the issue of absorption costing that allows income to rise as production rise ...

Accounting management

Accounting Management is a professional business study of Accounts and management in which we learn importance of accounts in our management system. In management study we learn the basics of management and in accounts management we learn in acco ...

Activity-based costing

Activity-based costing is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. This model assigns more indirect costs into d ...

Activity-based management

Activity-based management 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 initiative to improve strategic and operational decision ...

Asset management

Asset management refers to systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets and to intangible assets. Asse ...

Average cost method

Under the Average Cost Method, it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period. The average cost is computed by dividing the total cost of goods available for sale by the tot ...

Average per-bit delivery cost

Average Per-Bit Delivery Cost averages the cost of however many bits were actually modulated across a network or component of a network with the actual cost of operation of the network or component. This is contrasted principally with flat-rate a ...

Backflush accounting

Backflush accounting is a certain type of "postproduction issuing", it is a product costing approach, used in a Just-In-Time operating environment, in which costing is delayed until goods are finished. Backflush accounting delays the recording of ...

Break-even

Break-even, often abbreviated as B/E in finance, is the point of balance making neither a profit nor a loss. The term originates in finance but the concept has been applied in other fields.

Break-even (economics)

The break-even point in economics, business - and specifically cost accounting - is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have bee ...

Breakage

Breakage is a term used in telecommunications and accounting to indicate any type of service which is unused by the customer. A good example would be gift cards or calling cards that have been sold but never redeemed. Revenue from breakage is alm ...

Bridge life-cycle cost analysis

Bridge life cycle analysis life cycle cost analysis costs for individual bridges, subject to the planning or the period of time as the period of time during which all costs should be evaluated. Transport officials to consider the BLCCA important ...

Certified Management Accountant

Certified Management Accountant is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, ...

Certified Management Accountants of Canada

The Society of Management Accountants of Canada, also known as Certified Management Accountants of Canada and CMA Canada, awards the Certified Management Accountant designation in Canada.

Chartered Cost Accountant

Chartered Cost Accountant is a cost accounting or cost control professional designation offered by the American Academy of Financial Management. The CCA is a Graduate Post Nominal that is only available for accountants with an accredited degree, ...

Chartered Institute of Management Accountants

The Chartered Institute of Management Accountants is a UK based professional body offering training and qualification in management accountancy and related subjects. It is focused on accountants working in industry, and provides ongoing support a ...

Comparison of management accounting and financial accounting

Differences management accounting and financial accounting include: Financial accounting covers the entire organization while Management accounting may be associated with particular products or cost centers. Financial accounting the legal and man ...

Constraints accounting

Constraints accounting allow some variations generally accepted accounting principles when reporting financial statements of company and these variations do not violate the GAAP in light of recognised CA. CA contains explicit consideration of the ...

Construction accounting

Construction accounting is a form of project accounting applied to construction projects. See also production accounting. Construction accounting is a vitally necessary form of accounting, especially when multiple contracts come into play. The co ...

Contribution margin

Contribution margin, or dollar contribution per unit, is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales revenue that is not consumed by variable costs and so contributes to the coverage ...

Cost accounting

Cost accounting is defined as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, classifying, al ...

Cost auditing

A cost audit represents the verification of cost accounts and checking on the adherence to cost accounting plan. Cost audit ascertains the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, ...

Cost centre (business)

A cost centre, sometimes cost center, is a department within a business to which costs can be allocated. The term includes departments which do not produce directly but incur costs to the business, when the manager and employees of the cost centr ...

Cost externalizing

Cost externalizing is a socioeconomic term describing how a business maximizes its profits by off-loading indirect costs and forcing negative effects to a third party. An externalized cost is known to economists as a negative externality. "The co ...

Cost object

A cost object is a term used primarily in cost accounting to describe something to which costs are assigned. Common examples of cost objects are: product lines, geographic territories, customers, departments or anything else for which management ...

Cost–volume–profit analysis

Cost–volume–profit, in managerial economics, is a form of cost accounting. It is a simplified model, useful for elementary instruction and for short-run decisions.

CPA Canada

Chartered Professional Accountants of Canada is the national organization representing the Canadian accounting profession through the unification of the three largest accounting organizations: the Canadian Institute of Chartered Accountants, the ...

Customer profitability

Customer profitability is the profit the firm makes from serving a customer or customer group over a specified period of time, specifically the difference between the revenues earned from and the costs associated with the customer relationship in ...

Direct material price variance

In variance analysis direct material price variance is the difference between the standard cost and the actual cost for the actual quantity of material purchased. It is one of the two components of direct material total variance.

Direct material total variance

In variance analysis 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 material total variance can be divided into two components: the di ...

Direct material usage variance

In variance analysis, direct material usage variance is the difference between the standard quantity of materials that should have been used for the number of units actually produced, and the actual quantity of materials used, valued at the stand ...

Double counting (accounting)

Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason. But in social accounting it also refers to a conceptual problem in social accounting practice, when the attempt is made to estimate th ...

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 construction work. It relies on banking information ...

Earnings management

Earnings management, in accounting, is the act of intentionally influencing the process of financial reporting to obtain some private gain. Earnings management involves the alteration of financial reports to mislead stakeholders about the organiz ...

Entity-level controls

Entity-level controls are internal controls that help to ensure that management directives pertaining to the entire entity are carried out. They are the second level of a top-down approach to understanding the risks of an organization. Generally, ...

Equivalent annual cost

In finance, the equivalent annual cost is the cost per year of owning and operating an asset over its entire lifespan. It is calculated by dividing the NPV of a project by the "present value of annuity factor": E A C = N P V A t, r {\displaystyle ...

Event to knowledge

Event to knowledge is an accounting metric that measures the time from when an event occurs to when the responsible person knows about it. The shorter the average E2K time, the more timely an organization’s financial information will be.

Extended cost

In accounting, an extended cost is the unit cost multiplied by the number of those items that were purchased. For example, four apples purchased at a unit cost of $1 have an extended cost of $4 =$1 × 4 apples.

Factory overhead

Factory overhead, also called manufacturing overhead or work overhead, or factory burden in American English, is the total cost involved in operating all production facilities of a manufacturing business that cannot be traced directly to a produc ...