Financial Leverage Definition
Sana Ahmed Financial Leverage Definition: Acquiring assets with funds that have been obtained from creditors or from preferred stockholders at a fixed rate of return.
Financial Accounting
Financial Accounting Definition: Financial accounting is the phase of accounting concerned with providing information to stockholders, creditors, and others outside the organization. Relevant Terms: Cost Accounting Managerial/Management Accounting
Code of Conduct for Management Accountants
Abida Rehman Code of Conduct for Management Accountants: Learning objectives of this article: What are the standards of ethical conduct for practitioners of management accounting and financial management Practitioners of management accounting…
First in First Out – FIFO Method Definition
First in First Out-FIFO Method Definition: A method that operates under the assumption that the materials which are received first are issued first and, therefore, the flow of cost should…
Feedback Definition
Feedback Definition: Accounting and other reports that help managers monitor performance and focus on problems and/or opportunities that might otherwise go unnoticed.
External Failure Cost Definition
External Failure Cost Definition: Costs that are incurred when a product or service that is defective is delivered to a customer.
External Environment Definition
External Environment Definition: Outside institutions or forces that potentially affect an organization's performance.
Equivalent Units of Production Definition
Equivalent Units of Production Definition: The product of the number of partially completed units and their percentage of completion with respect to a particular cost. Equivalent units are the number…
Environmental Uncertainty Definition
Environmental Uncertainty Definition: The degree of change and degree of complexity in an organization's environment.
Environmental Complexity Definition
Environmental Complexity Definition: The number of components in an organization's environment and the extent of the organization's knowledge about those components.
Entrepreneurship Definition
Entrepreneurship Definition: The process whereby an individual or group of individuals uses organized efforts to pursue opportunities to create value and grow by fulfilling wants and needs through innovation and…
Engineering Approach Definition
Engineering Approach Definition: A detailed analysis of cost behavior based on an industrial engineer's evaluation of the inputs that are required to carry out a particular activity and of the…
Ending Finished Goods Inventory Budget Definition
Ending Finished Goods Inventory Budget Definition: A budget showing the dollar amount of cost expected to appear on the balance sheet for unsold units at the end of a period.…