Chapter 9: Management accounting
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13 Terms
additional
in addition to, extra
assist
help, or make easier
benchmarks
a standard by which something can be measured or assessed
budgeting
the process of creating set financial targets which should be met
entity
a person, partnership, organization, or business that has a legal and separately identifiable existence
forecast
estimate or calculate in advance
in-depth
carefully worked out, detailed or thorough
indicate
show, be a sign of
overheads
the ongoing administrative expenses of a business which cannot be matched to any specific business activity
period
an interval of time characterized by the occurrence of a certain condition, or event
risk
the possibility of suffering harm or loss
takeover
the transfer of control of a firm from one group of shareholders to another group of shareholders
variance
the difference between two figures
Note 
Flashcards (40)