Karteikarten
BUS 372 Chapter 8 Key Terms
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- 1ad hoc reportstechnology that provides direct-inquiry and report-generation capabilities
- 2authorityright to make decisions pertaining to areas of responsibility
- 3budgetprocess that helps management achieve its financial objectives by establishing measurable goals for each organizational segment
- 4budget master filecontains budgeted amounts for revenues, expenditures, and other resources for responsibility centers
- 5chart of accountslisting of an organization's accounts showing the account number and name
- 6cost centerorganizational unit with responsibility for cost management within budgetary limits
- 7data miningprocess of selecting, exploring, and modeling large amounts of data to uncover relationships and global patterns that exist in large databases but are hidden among the vast amount of facts
- 8data warehousedatabase constructed for quick searching, retrieval, ad hoc queries, and ease of use
- 9decision-making processcognitive process leading to the selection of a course of action among variations
- 10discovery modelmodel that uses data mining to discover previously unknown but important information that is hidden within the data
- 11formalization of taskssubdivision of organizational areas into task that represent full-time job positions
- 12general ledger change reportreport that presents the effects of journal voucher transaction on the general ledger accounts
- 13general ledger history filefile that presents comparative financial reports on a historic basis
- 14general ledger master fileprincipal file in the GLS database. This file is based on the organization's published chart of accounts
- 15goal congruencemerging of goals within an organization
- 16implementationcarrying out, executing, or practice of a plan, a method, or any design for doing something. Short-term planning involves the implementation of specific plans that are needed to achieve the objectives of the firm
- 17inappropriate performance measuresbehavior and performance measures inconsistent with the objectives of the firm
- 18information contentability of a report to reduce uncertainty and influence behavior of the user
- 19information overloadwhen a manager receives more information than can be assimilated
- 20investment centerorganizational unit that has the objective of maximizing the return on investment assets
- 21journal voucher filecompilation of all journal vouchers posted to the general ledger
- 22journal voucher history filefile that contains journal vouchers for past records
- 23journal voucher listinglisting that provides relevant details about each journal voucher received by the GL/FRS
- 24management by exceptionconcept that managers should limit their attention to potential problem areas rather than being involved with every activity or decision
- 25management control decisionstechnique for motivating managers in all functional areas to use resources as productively as possible
- 26management reportdiscretionary report used for internal decision making. Management reports are not mandated like income statements, balance sheets, etc.
- 27on-demand reportsreports triggered by events
- 28operational control decisionstechnique that ensures that the firm operates in accordance with pre-established criteria
- 29organizational chartshows typical job positions in a manufacturing firm
- 30profit centerorganizational unit with responsibility for both cost control and revenue generation
- 31programmed reportsreports that provide information to solve problems that users have anticipated
- 32report attributescharacteristics of a report, To be effective, a report must posses the following attributes: relevance, summarization, exception orientation, accuracy, completeness, timeliness, and conciseness
- 33responsibilityindividual's obligation to achieve desired results
- 34responsibility accountingconcept that every economic event affecting the organization is the responsibility of and can be traced to an individual manager
- 35responsibility center filecontains the revenues expenditures, and other resource utilization data for each responsibility center in the organization
- 36responsibility centersorganization of business entities into areas involving cost, profit, and investments
- 37responsibility reportsreports containing performance measures at each operational segment in the firm, which flow upward to senior levels of management
- 38scheduled reportsreports produced according to an established time frame
- 39sophisticated usersusers of financial reports who understand the conventions and accounting principles that are applied and that the statements have information content that is useful
- 40span of controlnumber of subordinates directly under a manager's control
- 41strategic planning decisionsplanning with a long-term time frame that is associated with a high degree of uncertainty
- 42structured problemproblem in which data, procedures, and objectives are known with certainty
- 43tactical planning decisionplanning performed by the middle-level manager to achieve the strategic plans of the organization
- 44unstructured problemproblem for which there are no precise solution techniques
- 45variancedifference between the expected price - the standard - and the price actually paid
- 46verification modeldrill - down technique to either verify or reject a user's hypothesis
- 47XBRL (extensible business reporting language)XML-based language that was designed to provide the financial community with a standardized method for preparing, publishing and automatically exchanging financial information, including financial statements of publicly held companies
- 48XBRL insurance documentsmapping of the organization's internal data to XBRL taxonomy elements
- 49XBRL taxonomyclassification schemes that are compliant with the XBRL specification to accomplish a specific information exchange or reporting objective such as filing with the Securities and Exchange Commission
- 50XML (extensible markup language)metalanguage for describing markup languages that can be used to model the data structure of an organization's internal database
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- BUS 342 Karteikarten am BUS 372 Chapter 8 Key Terms, erstellt von Ms. Cassie Weitzenkamp, CPA, MPA am 27/09/2017.
- Erstellt von
- Ms. Cassie Weitzenkamp, CPA, MPA
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- Erstellt von Dolores McGargill · 27 Sep 2017
- Kopiert von Ms. Cassie Weitzenkamp, CPA, MPA · 27 Sep 2017
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