VOCAB Ability of a system to operate so that it can continue indefinitely Oversees the internal…

VOCAB

Place Order

Ability of a system to operate so that it can continue
indefinitely

Oversees the internal audit function and the annual audit of the
financial statements

Evaluating the results of business operations against the plan
and making adjustments

Often led by management accountants since the financial impact
is the driving force in almost all business decisions

Social, economic, environmental

Business strategy for eliminating waste

Elected by stockholders to oversee the company

Hires other executives to run various aspects of the
organization

Employs the most people, except for the government

Enacted to restore trust in publicly traded companies’
management, financial statements and auditors

Manager’s 3 primary responsibilities

Overseeing day-to-day operations

Provides internal managers with accounting information

Setting goals for the company and determining how to achieve
them

Treasurer and controller report to this position

Ensures that internal controls and risk management policies are
functioning

Produces statements that will be used by investors and
creditors

1.

Planning, directing and controlling

2.

planning

3.

directing

4.

controlling

5.

financial accounting

6.

managerial accounting

7.

board of directors

8.

CEO

9.

CFO

10.

Internal audit function

11.

audit committee

12.

cross-functional team

13.

Service sector

14.

Lean thinking

15.

Sustainability

16.

Pillars of sustainability

17.

Sarbanes Oxley Act of 2002