Terms to Learn

This chapter and the Glossary at the end of the text contain definitions of the following important terms:

  1. activity-based budgeting (ABB)
  2. budgetary slack
  3. cash budget
  4. continuous budget
  5. controllability
  6. controllable cost
  7. cost center
  8. financial budget
  9. financial planning models
  10. investment center
  11. Kaizen budgeting
  12. master budget
  13. operating budget
  14. organization structure
  15. pro forma statements
  16. profit center
  17. responsibility accounting
  18. responsibility center
  19. revenue center
  20. rolling budget
  21. rolling forecast