Accounting: Difference between revisions

m (fixing typo)
(definition of w:Sensitivity analysis)
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:::: ''an approach to the costing and monitoring of activities which involves tracing resource consumption and costing final outputs.''  
:::: ''an approach to the costing and monitoring of activities which involves tracing resource consumption and costing final outputs.''  
::::Resources are assigned to activities, and activities to cost objects based on consumption estimates. The latter utilize cost drivers to attach activity costs to outputs. ( Wikipedia )
::::Resources are assigned to activities, and activities to cost objects based on consumption estimates. The latter utilize cost drivers to attach activity costs to outputs. ( Wikipedia )
* '''[[w:Sensitivity analysis|Sensitivity analysis]]''' is the study of how the [[w:uncertainty|uncertainty]] in the output of a [[w:mathematical model|mathematical model]] or system (numerical or otherwise) can be apportioned to different sources of [[w:uncertainty|uncertainty]] in its inputs. ( Wikipedia )


=== Lesson 4 Cost-volume-profit analysis ===
=== Lesson 4 Cost-volume-profit analysis ===