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Definition of empowerment
the process of giving workers the training
The use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result.
A characterization used by the Securities and Exchange
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
Also called surplus management, the task of managing funds of a financial
the right (usually by virtue of position or rank) to use resources to accomplish a task or achieve an objective
A management style that de-emphasizes the significance of economic
A mortgage loan on newly developed property that the builder subsidizes during the
the process of combining information technology to create new and more effective
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
a professional designation in the area of management accounting that
This is the person designated to become the new owner of a life insurance policy if the original owner dies before the life insured.
The application of financial principals within a corporation to create and
The time that elapses between receipt of payment from a customer and the
relative costs and benefits that result from a specific course
cost management system (CMS)
a set of formal methods
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.
Demand Management Policy
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
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.
any management action that reduces employment
The active manipulation of earnings toward a predetermined target.
Employee stock ownership plan (ESOP)
A company contributes to a trust fund that buys stock on behalf of
Employee Stock Ownership Plan (ESOP)
a profit-sharing compensation program in which investments are made in
Employee Stock Ownership Plan (ESOP)
A fund containing company stock and owned by employees, paid for by ongoing contributions by the employer.
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
Group rotation manager
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
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
Institute of Management Accountants (IMA)
an organization composed of individuals interested in the field of management accounting; it coordinates the Certified management
Refers to making an entry, usually at the close of a
Also called a portfolio manager and money manager, the individual who manages a
Statistical assumptions about the behavior of security prices. For
a manufacturing process that simultaneously
a system that maps the skill sets employees
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 refers to the individuals in an entity that have the authority and the responsibility to manage the entity. The positions of these individuals, and their titles, vary from one entity to another and, to some extent, from one country to another depending on the local laws and customs. Thus, when the context requires it, the term includes the board of directors or committees of the board which are designated to oversee certain matters (e.g., audit committee).
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 discipline that includes almost
Management Accounting Guidelines (MAGs)
pronouncements of the Society of management Accountants of
Management buyout (MBO)
Leveraged buyout whereby the acquiring group is led by the firm's management.
management buyout (MBO)
Acquisition of the firm by its own management in a leveraged buyout.
Management/closely held shares
Percentage of shares held by persons closely related to a company, as
This is difficult to define in a few words—indeed, an
management control system (MCS)
an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans,
management expense ratio (MER)
The total expenses expressed as an annualized percentage of daily average net assets. MER does not include brokerage fees and commissions, which are also payable by the Fund.
An investment advisory fee charged by the financial advisor to a fund based on the fund's
The fee paid to the fund’s manager for supervising the administration of the fund.
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;
Decisions concerning the operation of the firm, such as the choice of firm size, firm
modified FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per
Related: Investment management.
Related: Investment manager.
the ability of a worker to monitor
a philosophy about increasing a firm’s performance by involving all workers and by ensuring
Operational Earnings Management
management actions taken in the effort to create stable
This is the person who owns the insurance policy. It is usually the same person as the insured but it could be someone else who has the permission of the insured to be the owner, like a spouse, a common-law-spouse, an offspring, a parent, a corporation with insurable interest or a business partner with insurable interest. In order for someone else to be an owner of your policy, they have to have a legitimate insurable interest in you.
Refers to the capital invested in a business by its shareowners
The total of all capital contributions and retained earnings on a business’s
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
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
The person who owns and holds all rights under the policy, including the power to name and change beneficiaries, make a policy loan, assign the policy to a financial institution as collateral for a loan, withdraw funds or surrender the policy.
Related: Investment management
Related: Investment manager
Earnings before the effects of any earnings-management activities.
Price discovery process
The process of determining the prices of the assets in the marketplace through the
A series of linked activities that result in a specific objective. For example, the
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
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.
A costing methodology that arrives at an individual product cost through the calculation of average costs for large quantities of identical products.
process costing system
a method of accumulating and assigning costs to units of production in companies producing large quantities of homogeneous products;
Process flow production
A production configuration in which products are continually
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
the actual time consumed performing the
product- (or process-) level cost
a cost that is caused by the development, production, or acquisition of specific products or services
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
Material that has been reworked and returned to stock.
The process of identifying and evaluating risks and selecting and managing techniques to
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
STOCKHOLDERS’ (OR OWNERS’) EQUITY
The value of the owners’ interests in a company.
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).
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,
Related: asset management
the use of all techniques that help an organization achieve its goals
Top-down equity management style
A management style that begins with an assessment of the overall
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
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