MACRO ENVIRONMENT Definition

Bookmark and Share

MACRO ENVIRONMENT is the external factors which affect a company's planning and performance, and are beyond its control: e.g, socio-economic, government regulations, legal and technological change.

Learn new Accounting Terms

IFRS see INTERNATIONAL FINANCIAL REPORTING STANDARDS.

COST DRIVER is any activity or series of activities that takes place within an organization and causes costs to be incurred. Cost drivers are used in a system of activity-based costing to charge costs to products or services. Cost drivers are applied to cost pools, which relate to common activities. Cost drivers are not restricted to departments or sections, as more than one activity may be identified within a department.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.