|total quality management (TQM)|
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Definition of total quality management (TQM)
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
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
the maximum limit for the number of defects or errors in a process
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
A management style that de-emphasizes the significance of economic
Very short maturity bills that the Treasury occasionally sells because its cash
a professional designation in the area of management accounting that
The application of financial principals within a corporation to create and
a set of formal methods
The difference between the actual costs of production, selling and service and the costs that would be incurred if there were no failures during production or usage of products or services.
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
The active manipulation of earnings toward a predetermined target.
The tendency of investors to move towards safer, government bonds during periods of high
an organization composed of individuals interested in the field of management accounting; it coordinates the Certified management
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;
Related: Investment management.
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
Passive investment management
Buying a well-diversified portfolio to represent a broad-based market
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
Related: Investment management
process quality yield
the proportion of good units that resulted from the activities expended
all the characteristics of a product or service that
the process of determining that product
a review of product design activities (although
the implementation of all practices and policies
Also called the swap option, the seller's choice of deliverables in Treasury Bond and Treasury
Also called credit spread, the spread between Treasury securities and non-Treasury securities
RATE OF RETURN ON TOTAL ASSETS
The percentage return or profit that management made on each dollar of assets. The formula is:
Real Actions (Earnings) Management
Involves operational steps and not simply acceleration
Return on total assets
The ratio of earnings available to common stockholders to total assets.
Return on Total Assets Ratio
A measure of the percentage return earned on the value of the
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
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
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 asset turnover
The ratio of net sales to total assets.
Total Asset Turnover Ratio
A measure of the utilization of all of a company's assets to
total contribution margin
see contribution margin
total cost to account for
the sum of the costs in beginning
Total debt to equity ratio
A capitalization ratio comparing current liabilities plus long-term debt to
Total Debt to Total Assets Ratio
See debt ratio
Total dollar return
The dollar return on a nondollar investment, which includes the sum of any
total expected value (for a project)
the sum of the individual cash flows in a probability distribution multiplied by their related probabilities
total overhead variance
the difference between total actual overhead and total applied overhead; it is the amount of underapplied or overapplied overhead
In performance measurement, the actual rate of return realized over some evaluation period. In
total sales and other revenue for the period shown. Known as "turnover" in the UK.
total units to account for
the sum of the beginning inventory
the difference between total actual cost incurred
An agreement between countries whereby an employee only has to pay Social Security taxes to the country in which he or she is working
A variety of approaches that emphasize increasing shareholder value as the primary goal of every business.
Working capital management
The management of current assets and current liabilities to maximize shortterm liquidity.
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