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Source: Management Accounting by Ma. Elenita Balatbat Cabrera & Gilbert Anthony Cabrera

301001 - INVOLVES THE APPLICATION OF APPROPRIATE MANAGEMENT ACCOUNTING

TECHNIQUES AND CONCEPTS TO ECONOMIC DATA SO AS
TO ASSIST MANAGEMENT IN ESTABLISHING PLANS FOR
REASONABLE ECONOMIC OBJECTIVES AND IN THE
MAKING OF RATIONAL DECISIONS WITH A VIEW
TOWARD ACHIEVING THESE OBJECTIVES.
301002 - MANAGEMENT ACCOUNTING TASKS, IN 1. SCOREKEEPING
GENERAL (3 ITEMS) 2. INTERPRETING AND REPORTING INFORMATION
3. PROBLEM-SOLVING
301003 - ENABLES BOTH INTERNAL AND EXTERNAL SCOREKEEPING
PARTIES TO EVALUATE ORGANIZATIONAL PERFORMANCE
AND POSITION.
301004 - HELP MANAGERS FOCUS ON OPERATING INTERPRETING AND REPORTING INFORMATION
PROBLEMS, OPPORTUNITIES AS WELL AS INEFFICIENCIES.
301005 - REFERS TO THE QUANTIFICATION OF THE PROBLEM-SOLVING
RELATIVE MERITS OF POSSIBLE COURSES OF ACTION AS
WELL AS RECOMMENDATIONS AS TO THE BES
PROCEDURE.
301006 - ADMINISTRATIVE FUNCTIONS WHERE 1. PLANNING
MANAGEMENT ACCOUNTING INFORMATION ARE 2. CONTROLLING
USUALLY USED (3 ITEMS) 3. DECISION MAKING
301007 - INVOLVES SETTING OF GOALS FOR THE FIRM, PLANNING
EVALUATING VARIOUS WAYS TO MEET THE GOALS AND
PICKING OUT WHAT APPEARS TO BE THE BEST WAY TO
MEET THE GOALS.
301008 - INVOLVES THE EVALUATION OF WHETHER CONTROLLING
ACTUAL PERFORMANCE CONFORMS WITH PLANNED
GOALS.
301009 - INVOLVES DETERMINATION OF PREDICTIVE DECISION MAKING
INFORMATION (E.G., RELEVANT COSTS) FOR MAKING
IMPORTANT BUSINESS DECISIONS.
301010 - IS A FORMAL STATEMENT OF ESTIMATED BUDGET
INCOME AND EXPENSES BASED ON FUTURE PLANS AND
OBJECTIVES.
301011 - REFER TO THE REPORTS USED TO EVALUATE PERFORMANCE REPORTS
THE PERFORMANCE OF MANAGERS AND THE
OPERATIONS THEY CONTROL.
301012 - FA OR MA: ITS OBJECTIVE IS TO PROVIDE DATA FINANCIAL ACCOUNTING
FOR BOTH INTERNAL (MANAGEMENT) AND EXTERNAL
USERS (E.G., CREDITORS, OWNERS, GOVERNMENT, ETC.).
301013 - FA OR MA: ITS OBJECTIVE IS TO PROVIDE DATA MANAGEMENT ACCOUNTING
FOR INTERNAL USERS WITHIN THE BUSINESS
ORGANIZATION.

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301014 - FA OR MA: FINANCIAL DATA SHOULD BE FINANCIAL ACCOUNTING

RECORDED AND PRESENTED IN ACCORDANCE WITH IFRS.
301015 - FA OR MA: REPORTS NEED NOT BE PRESENTED MANAGEMENT ACCOUNTING
IN CONFORMITY WITH IFRS TO BE ABLE TO PRESENT
MORE USEFUL DATA TO MANAGEMENT.
301016 - FA OR MA: THIS PRIMARILY INVOLVES FINANCIAL ACCOUNTING
SUMMARIES OF PAST FINANCIAL TRANSACTIONS.
301017 - FA OR MA: THIS HAS A STONG FUTURE MANAGEMENT ACCOUNTING
ORIENTATION.
301018 - FA OR MA: ALL-PURPOSE REPORTS WITH FINANCIAL ACCOUNTING
HISTORICAL DATA ARE PREPARED FOR USE OF DIFFERENT
PARTIES.
301019 - FA OR MA: SPECIAL REPORTS CONTAINING MANAGEMENT ACCOUNTING
BOTH HISTORICAL AND PROJECTED DATA ARE PREPARED
TO MEET THE NEEDS OF SPECIFIC USERS.
301020 - FA OR MA: REPORTS ARE STILL USEFUL EVEN IF FINANCIAL ACCOUNTING
SUBMITTED LATE AND SHOW SUMMARIES OF FINANCIAL
CONSEQUENCES OF ACTUAL AND PAST ACTIVITIES
WHERE PRECISION IS REQUIRED.
301021 - FA OR MA: TIMELINESS IS OFTEN MORE MANAGEMENT ACCOUNTING
IMPORTANT THAN PRECISION TO MANAGERS.
301022 - FA OR MA: THIS IS PRIMARILY CONCERNED FINANCIAL ACCOUNTING
WITH REPORTING FOR THE COMPANY AS A WHOLE.
301023 - FA OR MA: THIS FOCUSES REPORTING ON THE MANAGEMENT ACCOUNTING
PARTS OR SEGMENTS (I.E., PRODUCT LINES, DIVISIONS,
TERRITORIES, DEPARTMENTS) OF THE COMPANY.
301024 - FA OR MA: THIS IS REQUIRED BY LAW AS FINANCIAL ACCOUNTING
EXEMPLIFIED BY THE REPORT REQUIREMENTS OF THE
BIR, SEC AND OTHER GOVERNMENTAL ENTITIES.
301025 - FA OR MA: THIS IS NOT MANDATORY (I.E, NOT MANAGEMENT ACCOUNTING
REQUIRED BY LAW).
301026 - IS A SYSTEMATIC SET OF PROCEDURES FOR COST ACCOUNTING
RECORDING AND REPORTING MEASUREMENTS OF THE
COST OF MANUFACTURING GOODS AND PERFORMING
SERVICES IN THE AGGREGATE AND IN DETAIL.
301027 - IS THE AUTHORITY TO COMMAND ACTION OR LINE AUTHORITY
GIVE ORDERS TO SUBORDINATES. MANAGERS WITH THIS
AUTHORITY (E.G., SALES, PRODUCTION) ARE DIRECTLY
RESPONSIBLE FOR ATTAINING THE OBJECTIVES OF THE
BUSINESS FIR, AS EFFICIENTLY AS POSSIBLE.
301028 - IS THE AUTHORITY TO COMMAND ACTION OR STAFF AUTHORITY
GIVE ORDERS TO SUBORDINATES. MANAGERS WITH THIS
AUTHORITY (E.G., SALES, PRODUCTION) ARE DIRECTLY
RESPONSIBLE FOR ATTAINING THE OBJECTIVES OF THE
BUSINESS FIR, AS EFFICIENTLY AS POSSIBLE.

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301029 - IS THE EXECUTIVE RESPONSIBLE FOR CHIEF FINANCIAL OFFICER (CFO) OR FINANCE DIRECTOR
OVERSEEING THE FINANCIAL OPERATIONS OF AN
ORGANIZATION.
301030 - IS AN AREA OF RESPONSIBILITY OF THE CFO CONTROLLERSHIP
WHICH INCLUDES PROVIDING FINANCIAL INFORMATION
FOR REPORTS TO MANAGERS AND REPORTS TO
SHAREHOLDERS AND OVERSEEING OVERALL OPERATIONS
OF THE ACCOUNTING SYSTEM.
301031 - IS AN AREA OF RESPONSIBILITY OF THE CFO TREASURY
WHICH INCLUDES BANKING AND SHORT- AND LONG-
TERM FINANCING, INVESTMENTS AND MANAGEMENT OF
CASH.
301032 - IS AN AREA OF RESPONSIBILITY OF THE CFO RISK MANAGEMENT
WHICH INCLUDES MANAGING THE FINANCIAL RISK OF
INTEREST-RATE AND EXCHANGE-RATE AND DERIVATIVES
MANAGEMENT.
301033 - IS AN AREA OF RESPONSIBILITY OF THE CFO TAXATION
WHICH INCLUDES INCOME TAXES, SALES TAXES AND
INTERNATIONAL TAX PLANNING.
301034 - IS AN AREA OF RESPONSIBILITY OF THE CFO INTERNAL AUDIT
WHICH INCLUDES REVIEWING AND ANALYZING
FINANCIAL AND OTHER RECORDS TO ATTEST TO THE
INTEGRITY OF THE ORGANIZATION'S FINANCIAL REPORTS
AND TO ADHERENCE TO ITS POLICIES AND PROCEDURES.
301035 - IS THE FINANCIAL EXECUTIVE PRIMARILY CONTROLLER OR CHIEF ACCOUNTING OFFICERS
RESPONSIBLE FOR MANAGEMENT ACCOUNTING AND
FINANCIAL ACCOUNTING.
301036 - IS CONCERNED WITH THE ACQUISITION, TREASURERSHIP
FINANCING AND MANAGEMENT OF ASSETS OF A
BUSINESS CONCERN TO MAXIMIZE THE WEALTH OF THE
FIRMS FOR ITS OWNERS.
301037 - ETHICAL VALUES MANAGEMENT 1. COMPETENCE
ACCOUNTANTS MUST POSSESS (4 ITEMS) 2. CONFIDENTIALITY
3. INTEGRITY
4. OBJECTIVITY
301038 - IS THE PHILOSOPHY THAT ACTIVITIES ARE JUST-IN-TIME (JIT) OR PULL-IT-THROUGH APPROACH
UNDERTAKEN ONLY AS NEEDED OR DEMANDED.
301039 - IS A TECHNIQUE IN WHICH MANAGEMENT TOTAL QUALITY MANAGEMENT (TQM)
DEVELOPS POLICIES AND PRACTICES TO ENSURE THAT
THE FIRM'S PRODUCTS AND SERVICES EXCEED
CUSTOMERS' EXPECTATIONS.
301040 - IS A PROCESS FOR CREATING COMPETITIVE REENGINEERING
ADVANTAGE IN WHICH A FIRM REORGANIZES ITS
OPERATING AND MANAGEMENT FUNCTIONS, OFTEN
WITH THE RESULT THAT JOBS ARE MODIFIED, COMBINED
OR ELIMINATED.

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301041 - IS AN APPROACH WHERE A BUSINESS PROCESS PROCESS REENGINEERING

IS DIAGRAMMED IN DETAIL, QUESTIONED AND THEN
REDESIGNED IN ORDER TO ELIMINATE UNECESSARY
STEPS, TO REDUCE OPPORTUNITIES FOR ERRORS AND TO
REDUCE COST.
301042 - IS ANY SERIES OF STEPS THAT ARE FOLLOWED BUSINESS PROCESS
IN ORDER TO CARRY OUT SOME TASK IN A BUSINESS.
301043 - IS A PROCESS BY WHICH A FIRM DETERMINES BENCHMARKING
ITS CRITICAL SUCCESS FACTORS, STUDIES THE BEST
PRACTICES OF OTHER FIRMS (OR OTHER UNITS WITHIN A
FIRM) FOR ACHIEVING THESE CRITICAL SUCCESS
FACTORS, AND THEN IMPLEMENTS IMPROVEMENTS IN
THE FIRM'S PROCESSES TO MATCH OR BEAT THE
PERFORMANCE OF THOSE COMPETITORS.
301044 - IS A MANAGEMENT TECHNIQUE IN WHICH MASS CUSTOMIZATION
MARKETING AND PRODUCTION PROCESSES ARE
DESIGNED TO HANDLE THE INCREASED VARIETY THAT
RESULTS FROM DELIVERING CUSTOMIZED PRODUCTS
AND SERVICES TO CUSTOMERS.
301045 - IS AN ACCOUNTING REPORT THAT INCLUDES BALANCED SCORECARD
THE FIRM'S CRITICAL SUCCESS IN FOUR AREAS NAMELY,
FINANCIAL PERFORMANCE, CUSTOMER SATISFACTION,
INTERNAL BUSINESS PROCESS AND INNOVATION AND
LEARNING.
301046 - IS USED TO DEVELOP A DETAILED DESCRIPTION ACTIVITY ANALYSIS
OF THE SPECIFIC ACTIVITIES PERFORMED IN THE
OPERATION OF THE FIRM.
301047 - IS USED TO IMPROVE THE ACCURACY OF COST ACTIVITY-BASED COSTING (ABC)
ANALYSIS BY IMPROVING THE TRACING OF COSTS TO
PRODUCTS OR TO INDIVIDUAL CUSTOMERS.
301048 - EMPHASIZES THE IMPORTANCE OF MANAGING THEORY OF CONSTRAINTS
THE ORGANIZATION'S CONSTRAINTS OR BARRIERS THAT
HINDER OR IMPEDE PROGRESS TOWARD AN OBJECTIVE.
301049 - IS A MANAGEMENT TECHNIQUE TO IDENTIFY LIFE-CYCLE COSTING
AND MONITOR THE COSTS OF A PRODUCT THROUGHOUT
ITS LIFECYCLE.
301050 - INVOLVES THE DETERMINATION OF THE TARGET COSTING
DESIRED COST FOR A PRODUCT OR THE BASIS OF A GIVEN
COMPETITIVE PRICE SO THAT THE PRODUCT WILL EARNE
A DESIRED PROFIT.
301051 - FORMULA FOR TARGET COST TARGET COST = MARKET DETERMINED PRICE - DESIRED
PROFIT
301052 - IS THE USE OF COMPUTERS IN PRODUCT COMPUTER-AIDED DESIGN (CAD)
DEVELOPMENT, ANALYSIS AND DESIGN MODIFICATION
TO IMPROVE THE QUALITY AND PERFORMANCE OF THE
PRODUCT.

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301053 - IS THE USE OF COMPUTERS TO PLAN, COMPUTER-AIDED MANUFACTURING (CAM)

IMPLEMENT AND CONTROL PRODUCTION.
301054 - IS THE TECHNOLOGY BY WHICH A PROCESS OR AUTOMATION
PROCEDURE IS PERFORMED WITH MINIMAL HUMAN
ASSISTANCE.
301055 - IS THE ACTIVITY OF BUYING OR SELLING E-COMMERCE
PRODUCTS ON ONLINE SERVICES OR OVER THE
INTERNET.
301056 - REFERS TO THE SEQUENCE OF BUSINESS VALUE CHAIN
FUNCTIONS IN WHICH USEFULNESS IS ADDED TO THE
PRODUCTS OR SERVICES OF A COMPANY.
301057 - BUSINESS FUNCTIONS MAKING UP THE VALUE 1. RESEARCH AND DEVELOPMENT
CHAIN (6 ITEMS) 2. PRODUCT DESIGN
3. MANUFACTURING
4. MARKETING
5. DISTRIBUTION
6. CUSTOMER SERVICE

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