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Chapter 8 Accounting

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