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Definition of empowerment
the process of giving workers the training
Also called surplus management, the task of managing funds of a financial
A management style that de-emphasizes the significance of economic
A mortgage loan on newly developed property that the builder subsidizes during the
Mortgages in which monthly payments consist of principal and interest, with portions of these
Very short maturity bills that the Treasury occasionally sells because its cash
The application of financial principals within a corporation to create and
The time that elapses between receipt of payment from a customer and the
The ability of the bankruptcy court to confirm a plan of reorganization over the objections of
A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm.
A conception of the way a stock's price changes that assumes that the price takes on all
Barrier option that comes into existence if asset price hits a barrier.
Barrier option that expires if asset price hits a barrier.
A classic negative change in ratings for a stock, and or other rated security.
A company contributes to a trust fund that buys stock on behalf of
A top-down manager who infers the phases of the business cycle and allocates
A money manager who seeks to buy stocks that are typically selling at relatively high P/E
Also called a portfolio manager and money manager, the individual who manages a
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
The commercial or investment bank with the primary responsibility for organizing syndicated
Also known as "dirty" float, this is a system of floating exchange rates with central bank
Management/closely held shares
Percentage of shares held by persons closely related to a company, as
Management buyout (MBO)
Leveraged buyout whereby the acquiring group is led by the firm's management.
An investment advisory fee charged by the financial advisor to a fund based on the fund's
Decisions concerning the operation of the firm, such as the choice of firm size, firm
Related: Investment management.
Related: Investment manager.
Passive investment management
Buying a well-diversified portfolio to represent a broad-based market
In a Treasury refunding, the amount by which the par value of the securities maturing exceeds that
Related: Investment management
Related: Investment manager
Price discovery process
The process of determining the prices of the assets in the marketplace through the
The process of identifying and evaluating risks and selecting and managing techniques to
Related: asset management
Top-down equity management style
A management style that begins with an assessment of the overall
A manager who seeks to buy stocks that are at a discount to their "fair value" and sell them at
Working capital management
The management of current assets and current liabilities to maximize shortterm liquidity.
Decreasing the book value of an asset if its book value is overstated compared to current market values.
STOCKHOLDERSâ€™ (OR OWNERSâ€™) EQUITY
The value of the ownersâ€™ interests in a company.
The production of financial and non-financial information used in planning for the future; making decisions about products, services, prices and what costs to incur; and ensuring that plans are implemented and achieved.
A method of costing for continuous manufacture in which costs for an accounting compared are compared with production for the same period to determine a cost per unit produced.
Strategic management accounting
The provision and analysis of management accounting data about a business and its competitors, which is of use in the development and monitoring of strategy (Simmonds).
A variety of approaches that emphasize increasing shareholder value as the primary goal of every business.
Refers to making an entry, usually at the close of a
This is difficult to define in a few wordsâ€”indeed, an
Refers to the capital invested in a business by its shareowners
activity-based management (ABM)
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
the right (usually by virtue of position or rank) to use resources to accomplish a task or achieve an objective
business process reengineering (BPR)
the process of combining information technology to create new and more effective
Certified Management Accountant (CMA)
a professional designation in the area of management accounting that
cost-benefit analysis the analytical process of comparing the
relative costs and benefits that result from a specific course
cost management system (CMS)
a set of formal methods
any management action that reduces employment
Employee Stock Ownership Plan (ESOP)
a profit-sharing compensation program in which investments are made in
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
Institute of Management Accountants (IMA)
an organization composed of individuals interested in the field of management accounting; it coordinates the Certified management
a manufacturing process that simultaneously
a system that maps the skill sets employees
a discipline that includes almost
Management Accounting Guidelines (MAGs)
pronouncements of the Society of management Accountants of
management control system (MCS)
an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans,
management information system (MIS)
a structure of interrelated elements that collects, organizes, and communicates
the preference of a manager in how he/she interacts with other stakeholders in the organization;
modified FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per
the ability of a worker to monitor
a philosophy about increasing a firmâ€™s performance by involving all workers and by ensuring
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
benchmarking that focuses on practices and how the best-in-class companies achieved their results
an assessment about the number of processes through which a product flows
process costing system
a method of accumulating and assigning costs to units of production in companies producing large quantities of homogeneous products;
the actual time consumed performing the
a flowchart or diagram indicating every step
the total units produced during a period
process quality yield
the proportion of good units that resulted from the activities expended
product- (or process-) level cost
a cost that is caused by the development, production, or acquisition of specific products or services
Society of Management Accountants of Canada
the professional body representing an influential and diverse
Statement on Management Accounting (SMA)
a pronouncement developed and issued by the management
statistical process control (SPC)
the use of control techniques that are based on the theory that a process has natural variations in it over time, but uncommon variations
strategic resource management
organizational planning for the deployment of resources to create value for customers and shareholders; key varibles in the process include the management of information and the management of change in response to threats and opportunities
strict FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per equivalent unit and, in transferring units from a department, keeps the
the cooperative strategic planning,
the use of all techniques that help an organization achieve its goals
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
a streamlined system of inventory
weighted average method (of process costing)
the method of cost assignment that computes an average cost per
Statistical assumptions about the behavior of security prices. For
The total of all capital contributions and retained earnings on a businessâ€™s
A series of linked activities that result in a specific objective. For example, the
A costing methodology that arrives at an individual product cost through the calculation of average costs for large quantities of identical products.
Inventory that has been partially converted through the
management buyout (MBO)
Acquisition of the firm by its own management in a leveraged buyout.
Demand Management Policy
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
Employee Stock Ownership Plan (ESOP)
A fund containing company stock and owned by employees, paid for by ongoing contributions by the employer.
Workers' Compensation Benefits
Employer-paid insurance that provides their employees with wage compensation if they are injured on the job.
Abusive Earnings Management
The use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result.
Abusive Earnings Management
A characterization used by the Securities and Exchange
The active manipulation of earnings toward a predetermined target.
Operational Earnings Management
management actions taken in the effort to create stable
Earnings before the effects of any earnings-management activities.
Purchased In-Process Research and Development
Unfinished research and development that is acquired from another firm.
Real Actions (Earnings) Management
Involves operational steps and not simply acceleration
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