MATCHING A.a Statement of Goals for One Year, Stated in Financial

question 5

Essay

MATCHING
a.a statement of goals for one year, stated in financial terms
b.a schedule for compiling budget data
c.expenses that vary and over which the director has some control
d.expenses that do not vary, or change very little, over periods of time
e.mandated or voluntary benefits that are added to personnel expenses
f.largest portion of the budget
g.nonexpendable items that are not replaced in a short period of time
h.costs that cover rent or mortgage payments of the building
i.major source of income
j.the number of children who must be served in a program to generate enough income to cover costs
-fixed expenses

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Definitions:

Other Comprehensive Income

Earnings that are not part of net income, consisting of items such as unrealized gains and losses on certain investments.

Retained Earnings

The portion of net income that is retained by the corporation instead of being paid out as dividends to shareholders.

Earnings Management

The practice of using accounting techniques to produce financial reports that may paint an overly positive picture of a company's business activities and financial position.

Investment Account

A financial account held at a financial institution that contains securities, cash, and other assets managed for the purpose of achieving an investment goal.