Shared Flashcard Set

Details

CDFM - Mod 2-2
Study
22
Accounting
07/04/2011

Additional Accounting Flashcards

 


 

Cards

Term
Aquisition Catagories (ACAT)
Definition
Determine the level of management review, decision authority, and applicable reporting requirements for a program.
Term
Major Automated Information Systems (MAIS
Definition
Program estimated by the Assistant Secretary of Defense for networks and information integration ro require program costs, total program costs and total life cycle.
Term
Total System Approach
Definition
All elements of a system from cradle to grave.
Term
Life Cycle Cost (LCC)
Definition
Total cost to the government of a program over is full life.
Term
Cost Analysis Requirements Description (CARD)
Definition
Complete descripton of the system whose costs are to be estimated
Term
Economic Analysis
Definition
Systematic Approach to the problem or choosing the best method of allocation scarce resources to achieve a given objective. Key cost reflected as present value.
Term
Analogy Approach
Definition
Comparison with historical information of similar existing activities, systems or comparisons.
Term
Engineering Approach
Definition
Bottom up method of cost analysis which is most detailed and costly to implement.
Term
Program Evaluation and & Review Technique (PERT)
Definition
- Identify activities and milestone.
- Determine the proper sequence of activities.
- Construct a network diagram.
- Estimate the time required for each activity.
Term
PERT
Definition
Better display the critical path and interdependency of task in a project. Also call network diagrams.
Term
GANT charts
Definition
Better at displaying the schedule and resources used in a project
Term
Cost Savings
Definition
Actual reduction of an approved program if the benefit occurs during the POM period.
Term
Cost Avoidance
Definition
Reduction or elimination of some future resource requirement.
Term
Productivity Improvement
Definition
Redution in future personnel time and effort requirements associated with a function or assigned task that has been included in an approved program.
Term
Mode
Definition
Most frequently occurring in a distribution of score.
Term
Median
Definition
Middle number is a list of sorted numbers.
Term
Standard Deviation
Definition
Measure of how a set of values is spread around the mean.
Term
Sunk Costs
Definition
Past expenditures from prior fiscal years.
Term
Reengineering Team
Definition
Should include a mixture of competencies and be under 10 players.
Term
Benchmarking
Definition
Process of measuring and comparing one's process against industry best.
Term
Government Performance and Results Act (GPRA)
Definition
All expenditures must be tied to annual performance goals and expenditures.
Term
Purpose Statue
Definition
appropriations shall be applied only to the objects for which the appropriations were made, except as otherwise provided by law.