Shared Flashcard Set

Details

CMA exam prep
questions for the CMA exam
5
Accounting
Professional
02/08/2011

Additional Accounting Flashcards

 


 

Cards

Term
which is not one of the 4 main reasons for budgeting: planning, communication, goal-setting, monitoring, evaluation
Definition
Goal-setting
Term
which is not approved by management: strategic plans, forecasts, budgets
Definition
forecasts
Term
what is the difference b/w authoritative budget and participative budget?
Definition
Authoritative is top-down; participative is bottom up
Term
why is budget slack bad?
Definition
it is built-in "freedom to fail"
Term
define "standard" in terms of budgeting
Definition
a carefully determined price, quantity, service level, or cost
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