The Examination of Business Processes to Identify Incremental Changes That

question 103

Multiple Choice

The examination of business processes to identify incremental changes that may reduce operating costs is referred to as

• A)Variance analysis.
• B)Incremental analysis.
• C)Process improvement.
• D)Total quality management.

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Definitions:

Allocating Revenues

The process of assigning or distributing revenues to different accounts or periods based on criteria or rules.

Operating Segments

Parts of a company that engage in business activities yielding revenues and incurring expenses.

AASB 136 Impairment of Assets

A standard issued by the Australian Accounting Standards Board detailing the procedures for ensuring that assets are carried at no more than their recoverable amount, and how to record any impairment losses.