| 单词 | relevance |
| 释义 | relevance relevance1. The accounting principle that the financial information provided by a company should be capable of influencing the decisions of users of that information. To be relevant, information must either have predictive value or act as confirmation or correction of earlier expectations. The concept is defined in the Financial Reporting Standard Applicable in the UK and Republic of Ireland. It is also recognized in the International Accounting Standards Board’s Conceptual Framework. relevant cost An expected future cost that varies with alternative courses of action. Decision making involves choosing between such alternatives, and to make the best choice a manager needs to identify the future cash flows for each decision. Costs that have already been incurred as a result of past decisions (sunk costs) are not relevant for decision making. Likewise, a future cost that will not be changed by a decision is irrelevant to that decision. Seedifferential analysis. An understanding of relevant costs is particularly important for the following types of decision: • special selling-price decisions; • product-mix decisions when capacity constraints exist; • decisions on replacement of equipment; • outsourcing (make or buy) decisions; • decisions on whether to drop a product or close a department. |
| 随便看 |
|
英汉经管词典收录了6519条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。