Mathematical Models

Operations Research (OR)
Operations Research (OR) is a discipline that deals with the application of advanced analytical methods to help make better decisions. It involves the development and use of mathematical models to improve understanding and manage large-scale systems.
Statistical Software
Computer programs that perform functions helpful to accountants, particularly managerial accountants, by creating, changing, storing, and using mathematical models. Examples include SPSS/PC and Systat.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.