accounting

Question 1

Net income calcul

Answer 1

Total revenues - Total expenses

Question 3

Direct cost

Answer 3

cost that can be unambiguously traced to a object

Question 4

Indirect cost

Answer 4

Cost that represents a resource consumed by several cost objects

Question 5

Variable Cost

Answer 5

Cost that changes in proportion to changes in the related level of total activity

Question 6

Fixed cost

Answer 6

cost that remains unchanged for a given period of time despite significant changes in the related level of total activity

Question 7

Relevant cost

Answer 7

Expected future cost that differs among alternative courses of action being considered

Question 8

Relevant revenue

Answer 8

expected future revenue that differs among alternative courses of action being considered

Question 9

Sunk Cost

Answer 9

Past cost that is unavoidable because it will be incurred despite any taken action

Question 10

Avoidable cost

Answer 10

A cost that will be incurred if an activity is suspended

Question 11

EBIT definition + calcul

Answer 11

Earning Before Interest
(Selling Price - Unit variable cost) X Quantity -Fixed Cost.
or
UCM X Qty - FC

Question 12

UCM

Answer 12

Unit Contribution Margin
Selling Price - Unit Variable Cost

Question 13

Break Even Point (BEP)

Answer 13

Total cost and total revenue or equal

Question 14

Quantity (BEP)

Answer 14

Fixed Costs / Unit contribution margin

Question 15

Revenue (BEP)

Answer 15

Quantity (BEP) X Selling Price
or
(Fixed Costs / Unit contribution margin) X Selling Price
or
(Fixed Costs / (Selling Price - Unit Variable Cost)) X Selling Price

Question 16

Wage

Answer 16

Fixed regular payment earned for work or services

Question 17

Safety Margin (SM) definition

Answer 17

Activity that enables a company to make profit

Question 18

Quantity (SM)

Answer 18

Quantity - Quantity(BEP)
or
Quantity - (Fixed costs / Unit contribution margin)
or
Quantity - (Fixed costs / (selling price - Unit Variable Cost))

Question 19

Revenue (SM)

Answer 19

(Quantity - Quantity(BEP) ) X Selling Price
or
(Quantity - (Fixed costs / Unit Contribution Margin) ) X Selling Price

Question 20

Average Cost (AC)

Answer 20

(Unit Variable Cost + Fixed Cost) / Quantity

Question 21

Management control definition

Answer 21

process that provides information to support decisions and guide managers and employees

Question 22

name the different areas of financial performance

Answer 22

Activity, Profitability, Return on investment, Value creation, Cash Flow

Question 23

NOPAT def + calcul

Answer 23

Net Operating Profit After Tax
EBIT - Tax

Question 24

COI def

Answer 24

Current Operating Income

Question 25

ROS def

Answer 25

Return On Sales

Question 26

Gross Profit Ratio calcul

Answer 26

Gross Profit / Sales

Question 27

Operating Profit Margin calcul

Answer 27

Operating income / Sales (ROS)

Question 28

Net operating profit margin calcul

Answer 28

NOPAT / Sales

Question 29

Net profit margin

Answer 29

Net income / Sales

Question 30

ROE def + calcul

Answer 30

Return on Equity Net income / Shareholder equity

Question 31

ROA def + calcul

Answer 31

Return on Assets Net income / Assets

Question 32

ROCE def + calcul

Answer 32

Return on Capital Employed NOPAT / Capital employed

Question 33

Capital employed calcul

Answer 33

Net Fixed Assets + Net Working Capital

Question 34

MVA def + calcul

Answer 34

Market Value Added Market value of the company - Capital Employed

Question 35

TSR def

Answer 35

Total shareholder return

Question 36

EVA def + calcul

Answer 36

Economic value added NOPAT - (WACC X Capital Employed)

Question 37

WACC def

Answer 37

Weighted average cost of capital

Question 38

EBITDA def

Answer 38

Earnings before interest, taxes, depreciation, and amortisation

Question 39

different type of motivational issues

Answer 39

Hidden agendas Lack of incentives

Question 40

Dashboard def

Answer 40

performance measurement tool that facilitates the "pro-active" management of one or more activities as part of the group process

Question 41

type of dashboard

Answer 41

dashboard for monitoring operations Dashboards for the strategy

Question 42

example of customer KPI

Answer 42

loyalty program % of new customers sales / customers market share

Question 43

example of financial KPI

Answer 43

sales growth EBIT ROCE EVA EBITDA

Question 44

example of internal process KPI

Answer 44

% trained staff to a new process number of improvement ideas from the staff

Question 45

example of environment and sustainability KPI

Answer 45

Raw material cost CO2 reduction % decrease in energy

Question 46

example of value/unit KPI

Answer 46

cost per passenger % Distribution cost Cost / Unit Produced

Question 47

example of staff KPI

Answer 47

Direct labour hours per unit of output Strike days % Unionised staff Work accidents

Question 48

OVAR method

Answer 48

Objective, Value, Action, Results

Question 49

CPV def

Answer 49

Critical Performance Variable

Question 50

how many KPI per objective and CPV?

Answer 50

at least 1

Question 51

BSC method

Answer 51

Financial perspective Customer perspective Internal processes perspective Learning and growth perspective

Question 52

name different influences on a budget targets

Answer 52

pasts results changes in the environment long term goals improvements

Question 53

Name the basic functions of business planning

Answer 53

anticipation regulation learning

Question 54

for anticipation in a business plan, what are the details

Answer 54

projections on general data concerning the activity simulation of different action plans determination of required resources quantification of expected results

Question 55

what is the main thing you do when regulating a business plan?

Answer 55

comparison of targeted objectives as a reference to the actual results.

Question 56

for learning in a business plan, what are the details?

Answer 56

Opportunity to design or adjust the performance model

Question 57

what is the task of a controller in a budget planning process

Answer 57

Organising and faiclitating

Question 58

what does the person controller of organization are in charge of creating

Answer 58

timetable communication data characteristics information tools information flows

Question 59

for the facilitating part of the job of a controller, what Is their interactions with others

Answer 59

assistance to operational managers internal coherence of each budget assistance to operational managers

Question 60

Incremental budgeting def

Answer 60

a company uses the current year's budget as a starting point and makes adjustments to it for the next budgeting cycle

Question 61

zero-based budgeting def

Answer 61

all expenses must be justified. Restart from 0

Question 62

disadvantages of budgeting

Answer 62

cannot deal with rapid change focus on short-term targets rather than value creation encourages a "top-down" management style time - consuming Protect rather than lower costs