Terms to Learn

Each chapter will include this section. Like all technical terms, accounting terms have precise meanings. Learn the definitions of new terms when you initially encounter them. The meaning of each of the following terms is given in this chapter and in the Glossary at the end of this text.

  1. budget
  2. chief financial officer (CFO)
  3. control
  4. controller
  5. cost accounting
  6. cost–benefit approach
  7. cost management
  8. customer relationship management (CRM)
  9. customer service
  10. design of products and processes
  11. distribution
  12. finance director
  13. financial accounting
  14. learning
  15. line management
  16. management accounting
  17. marketing
  18. planning
  19. production
  20. research and development (R&D)
  21. staff management
  22. strategic cost management
  23. strategy
  24. supply chain
  25. sustainability
  26. total quality management (TQM)
  27. value chain