The cost of activities in value chain analysis is determined by key cost drivers.

The four main capital investment appraisal techniques are payback period, accounting rate of return, net present value and internal rate of return.

The two main branches of management accounting are cost accounting and decision making.

Total absorption costing is where all the overheads incurred by a company are recovered in the valuation of stock.

Fixed costs are those that do not vary with long-term changes in the level of sales or production.

Shareholders, analyst advisers and Customers are examples of internal external users of accountant.

Discounted cash flow discounts the future expected cash flows of a project back to their present- day monetary values.

SWOT analysis stands for strengths, weaknesses, opportunities and threats.