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Financial Terms | |
Bill of materials (BOM) |
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Definition of Bill of materials (BOM)Bill of materials (BOM)A listing of all parts and subassemblies required to produce one
Related Terms:Bill and Hold PracticesProducts that have been sold with an explicit agreement that delivery Bill of exchangeGeneral term for a document demanding payment. Bill of ladingA contract between the exporter and a transportation company in which the latter agrees to Bill of materialsA listing of all the materials and quantities that go to make up a completed product. bill of materialsa document that contains information about Bill of materialsAn itemization of the parts and subassemblies required to create a Breeder bill of materialsA bill of material that accounts for the generation and ![]() Cash management billVery short maturity bills that the Treasury occasionally sells because its cash Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Direct materials costThe cost of all materials used in a cost object, such as finished goods. Direct materials mix varianceThe variance between the budgeted and actual mixes of Due billAn instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Indented bill of materialA bill of material reporting format under which successively Invoice billingbilling system in which the invoices are sent off at the time of customer orders are all separate Materials price varianceThe difference between the actual and budgeted cost to Materials quantity varianceThe difference between the actual and budgeted quantities ![]() Materials requirement planningComputer-based systems that plan backward from the production schedule materials requirements planning (MRP)a computerbased information system that simulates the ordering and Materials requisitionA document listing the quantities of specific parts to be withdrawn Matrix bill of materialA bill of materials chart listing the bills for similar products, Modular bill of materialA bill of material format in which components and subassemblies Multilevel bill of materialAn itemization of all bill of material components, including online bill paymentThe electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account. Phantom bill of materialA bill of materials for a subassembly that is not normally Raw materialsUnprocessed goods bought for manufacture, part of inventory. Raw materials inventoryThe total cost of all component parts currently in stock that Repair bill of materialA special bill itemizing changes needed to refurbish an Single-level bill of materialA list of all components used in a parent item. Statement billingbilling method in which the sales for a period such as a month (for which a customer also Summarized bill of materialsA bill of materials format showing the grand total T-billSee Treasury bill. Tax anticipation bills (TABs)Special bills that the Treasury occasionally issues that mature on corporate Treasury billShort-term U.S. government security issued at a discount from Treasury BillA short-term (less than one year) government discount bond. Treasury BillShort-term government security. Treasury billsDebt obligations of the U.S. Treasury that have maturities of one year or less. Maturities for Tbills U.S. Treasury billU.S. government debt with a maturity of less than a year. Unbilled Accounts ReceivableRevenue recognized under the percentage-of-completion Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |