Term
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Definition
| Used to make decisions using some history, focusing mostly on the future. Rules- Rules of Logic. Focus on Internal Reporting, uses financial and non-financial information to make reports to aid managers in decision making. Used for strategy. |
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Term
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Definition
| External, Measures and records business transactions. Based on GAAP. Managers are responsible for Financial Statements. Executive compensation is often tied to these statements |
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Term
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Definition
| Provides Information for Man. and Fin. accounting. Measures and Reports financial and nonfinancial info. relating to the cost of acquiring or utilizing resources |
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Term
| Mgmt Accountants Role in Strategy |
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Definition
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Term
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Definition
selecting organization goals
predicting results based for multiple options
deciding how to achieve goals, communicating goals thru organization |
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Definition
| Common expression of a plan |
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Term
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Definition
| taking actions to implement planning decisions and deciding how to evaluate performance and give feedback |
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Term
| Behavioral Implications of Performance Evaluation Measures |
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Definition
Individuals favor measures that make their performance look better.
Individuals will focus on measures tied to evaluation |
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Term
| Competence (standards of ethical conduct) |
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Definition
| I am competent enough to know the rules of the game, what's right and wrong, I follow those rules, and I have no problem with the rules. |
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Term
| Confidentiality (standards of ethical conduct) |
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Definition
| Do not tell other people what you are told not to tell them. |
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| Integrity (standards of ethical conduct) |
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Definition
| Don't be influenced to do things you should not do. Do not have a conflict of interest or appear to have a conflict of interest. |
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Term
| Credibility (standards of ethical conduct) |
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Definition
| Communicate totally, disclose all information completely and accurately, include the bad with the good |
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Term
| Resolution (standards of ethical conduct) |
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Definition
| Follow established procedures of the organization, discuss with your immediate supervisor (or next level if immediate is involved) |
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