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Ch. 8 Accounting

Across
RESOURCES OWNED BY A FIRM
CLAIMS THAT OUTSIDERS HAVE AGAINST A FIRMS ASSETS
IS THE BRANCH OF ACCOUNTING THAT PREPARES FINANCIAL STATEMENTS FOR USE BY OWNERS, CREDITORS, SUPPLIERS, AND OTHER EXTERNAL STAKEHOLDERS
A MANAGEMENT TOOL THAT EXPLICITLY SHOES HOW A FIRM WILL ACQUIRE AND USE THE RESOURCES NEEDED TO ACHIEVE ITS GOALS OVER A SPECIFIC PERIOD OF TIME
COSTS THAT ARE INCURRED DIRECTLY AS THE RESULT OF SOME SPECIFIC COST OBJECT
Down
RESOURCES THAT ARE USED UP AS THE RESULT OF BUSINESS OPERATIONS
THE VALUE OF WHAT IS GIVEN UP IN EXCHANGE FOR SOMETHING
COSTS THAT REMAIN THE SAME WHEN THE LEVEL OF PRODUCTION CHANGES WITHIN SOME RELEVANT RAGE
BUDGETS THAT FOCUS ON THE FIRMS FINANCIAL GOALS AND IDENTIFY THE RESOURCES NEEDED TO ACHIEVE THESES GOALS
THE DIFFERENCE BETWEEN THE REVENUE A FIRM EARNS AND THE EXPENSES IT INCURS IN A GIVEN TIME PERIOD