CPA BUSINESS (BEC)

Technology that is being developed to trasmit data in flexible formats, instead of the standard format of EDI. It tells systems the format of data and also what kind of information the data is. It utilizes user-defined tags similar to the data formatting tags that are used in HTML for the display of Web pages in browsers.

License free means of communicating business and financial data between businesses via the internet through the use of, for example, identifying tags that are assigned to data. Advantages of this language include cost savings and improved efficiency, accuracy, and relaiblity. It is a very flexible program, able to handle various languages and accounting standards.

A node that is used by end users.

Liquidating that involves the process of collecting the corporate or partnership assets, paying the expenses involved, statisfying creditors claims, and distributing the net assets of the business to the appropriate party.

Allow national and international communications. Usually employ non-dedicated public communication channels as their communication media.

Method of process costing that takes the equivalent units transferred out plus the equivalent units of the ending work in process.

Responsible for information on the web site.

Not real memory. Poritons of a program that are not being executed are stored on a disk as virtual memory pages and are retrieved and brought into actual physical memory when they are needed. Allows for capability to run programs that require more memory than is physically available.

Improvement of a value chain through the supply end and the demand end in the same industry

Variable costs divided by total sales

Method of product costing that include only variable manufacturing costs. (DM,DL, and VMOH) as product costs. All other costs, inlcuding fixed manufacturing overhead are treated as period costs.

Defines each of the major activities that add value to the products or services produced by an organization. Identify the value chain activities, identify the cost drivers associated with each activity, devlop a competitive advantage by reducing cost or adding value.

Networks are privately owned and managed; communication networks that provide additional services beyond standard data transmission.

Distribution that causes a corporation not to be able to pay its debts as they become due in the regular course of business or cause the corporations total assets to be less than its total liabilities.

Costs that are reasonably expected to benefit future periods and should be carried forward as an asset.