The product portfolio matrix consists of dogs, question

Net present value and the internal rate of return use discounted cash flows

In stock valuation, marginal costing is normally used in valuing stock in financial reporting.

The direct materials price variance is: (standard price per unit of material minus actual price per unit of material) multiplied by actual quantity of materials used.

The four main aspects of budgets are planning, coordinating, control and motivation.

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

Flexing the budget means adjusting the budget to take into account the actual prices incurred.

Accountants perform other roles such as e.g.: auditing, bookkeeping, financial accounting, management accounting.