ACCT 2230 Study Guide - Final Guide: Corporate Social Responsibility, Cost Driver, Variable Cost
14 Dec 2015
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Chapter 1 managerial accounting and the business. Planning: developing objectives and preparing budgets to. Directing and motivating: mobilizing people to carry out plans. Controlling: ensuring that the plan is actually carried out and is. Strategy: a game plan that enables a company to attract and achieve these objectives and run routine operations appropriately modified as circumstances change retain customers by distinguishing itself from competitors. Decentralized: a delegation of decision making throughout an organization by providing managers at various operating levels with the authority to make key decisions relating to their areas of responsibility. Corporate social responsibility: a concept whereby organizations consider the needs of all stakeholders when making decisions. Chapter 2 cost terms, concepts and classifications. Cost object: anything for which cost data are desired. Direct cost: costs that can be easily and conveniently traced to a cost object. Indirect cost: costs that cannot easily and conveniently be traced to a cost object.
