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Financial Terms | |
design for manufacturability (DFM) |
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Definition of design for manufacturability (DFM)design for manufacturability (DFM)a process that is part of the project management of a new product; concerned with finding optimal solutions to minimizing product failures
Related Terms:computer-aided design (CAD)a system using computer graphics for product designs computer-aided manufacturing (CAM)the use of computers to control production processes through numerically computer integrated manufacturing (CIM)the integration of two or more flexible manufacturing systems through the use of a host computer and an information networking system Abusive Earnings ManagementThe use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result. Abusive Earnings ManagementA characterization used by the Securities and Exchange Accelerated cost recovery system (ACRS)Schedule of depreciation rates allowed for tax purposes. Accounting systemA set of accounts that summarize the transactions of a business that have been recorded on source documents. ![]() Accumulated Other Comprehensive IncomeCumulative gains or losses reported in shareholders' activity-based management (ABM)a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received actual cost systema valuation method that uses actual direct administrative departmentan organizational unit that performs management activities benefiting the entire organization; Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Asset/liability managementAlso called surplus management, the task of managing funds of a financial Automated storage/retrieval systemA racking system using automated systems Bottom-up equity management styleA management style that de-emphasizes the significance of economic business intelligence (BI) systema formal process for gathering and analyzing information and producing intelligence to meet decision making needs; requires information about ![]() business process reengineering (BPR)the process of combining information technology to create new and more effective by-productan incidental output of a joint process; it is salable, By-productA product that is an ancillary part of the primary production process, having By-productA material created incidental to a production process, which can be Cash deliveryThe provision of some futures contracts that requires not delivery of underlying assets but Cash management billVery short maturity bills that the Treasury occasionally sells because its cash Certified Management Accountant (CMA)a professional designation in the area of management accounting that charge-back systema system using transfer prices; see transfer Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value Collection DepartmentAn internal department within a company staffed by specialists in collecting past due accounts or accounts receivable. ![]() Common stock/other equityValue of outstanding common shares at par, plus accumulated retained Conventional projectA project with a negative initial cash flow (cash outflow), which is expected to be Corporate financial managementThe application of financial principals within a corporation to create and Corporate processing floatThe time that elapses between receipt of payment from a customer and the cost-benefit analysis the analytical process of comparing therelative costs and benefits that result from a specific course cost control systema logical structure of formal and/or informal cost management system (CMS)a set of formal methods Cost of limited partner capitalThe discount rate that equates the after-tax inflows with outflows for capital cost of production reporta process costing document that Counterpart itemsIn the balance of payments, counterpart items are analogous to unrequited transfers in the CounterpartiesThe parties to an interest rate swap. Counterparty Partyon the other side of a trade or transaction. Counterparty riskThe risk that the other party to an agreement will default. In an options contract, the risk DeliveryThe tender and receipt of an actual commodity or financial instrument in settlement of a futures contract. Delivery noticeThe written notice given by the seller of his intention to make delivery against an open, short Delivery optionsThe options available to the seller of an interest rate futures contract, including the quality Delivery pointsThose points designated by futures exchanges at which the financial instrument or Delivery policyA company’s stated goal for how soon a customer order will be Delivery priceThe price fixed by the Clearing house at which deliveries on futures are in invoiced; also the Delivery versus paymentA transaction in which the buyer's payment for securities is due at the time of Demand Management PolicyFiscal or monetary policy designed to influence aggregate demand for goods and services. Departmental stocksThe informal and frequently unauthorized retention of excess inventory on the shop floor, which is used as buffer safety stock. Diffusion processA conception of the way a stock's price changes that assumes that the price takes on all Du Pont systemA breakdown of ROE and ROA into component ratios. Dupont system of financial controlHighlights the fact that return on assets (ROA) can be expressed in terms Earnings ManagementThe active manipulation of earnings toward a predetermined target. economic production run (EPR)an estimate of the number Electronic Federal Tax Payment Systems (EFTPS)An electronic funds transfer system used by businesses to remit taxes to the government. enterprise resource planning (ERP) systema packaged software program that allows a company to Enterprise resource planning systemA computer system used to manage all company equivalent units of production (EUP)an approximation of the number of whole units of output that could have been European Monetary System (EMS)An exchange arrangement formed in 1979 that involves the currencies Factor of ProductionA resource used to produce a good or service. The main macroeconomic factors of production are capital and labor. Federal Reserve SystemThe central bank of the U.S., established in 1913, and governed by the Federal Federal Reserve SystemThe central banking authority responsible for monetary policy in the United States. FIFO method (of process costing)the method of cost assignment that computes an average cost per equivalent flexible manufacturing system (FMS)a production system in which a single factory manufactures numerous variations Forward deliveryA transaction in which the settlement will occur on a specified date in the future at a price General partnerA partner who has unlimited liability for the obligations of the partnership. General partnershipA partnership in which all partners are general partners. Good deliveryA delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in Good delivery and settlement proceduresRefers to PSA Uniform Practices such as cutoff times on delivery grade (of product or service)the addition or removal of product Gross Domestic ProductTotal output of final goods and services produced within a country during a year. Gross domestic product (GDP)The market value of goods and services produced over time including the Gross National ProductTotal output of final goods and services produced by a country's citizens during a year. Gross national product (GNP)Measures and economy's total income. It is equal to GDP plus the income Guaranteed RenewalA promise that a life insurance policy will be renewed without penalty or medical examination after the term has expired. The renewal rate can also be guaranteed. Housing StartA new house on which construction has just begun. hybrid costing systema costing system combining characteristics Imputation tax systemArrangement by which investors who receive a dividend also receive a tax credit for In-house processing floatRefers to the time it takes the receiver of a check to process the payment and Independent projectA project whose acceptance or rejection is independent of the acceptance or rejection of independent projectan investment project that has no specific Independent ProjectsA situation where an increase (or decrease) in the benefits of one Institute of Management Accountants (IMA)an organization composed of individuals interested in the field of management accounting; it coordinates the Certified management Interac systemCanada's bank machine and electronic debit system. If you use your bank card at a bank machine which displays the Interac symbol (and that bank machine is not your bank's machine), you will be charged a fee. Investment product line (IPML)The line of required returns for investment projects as a function of beta Ito processStatistical assumptions about the behavior of security prices. For job order costing systema system of product costing used joint processa manufacturing process that simultaneously Joint productA product that has the highest sales value from among a group of products Just-in-time inventory systemssystems that schedule materials/inventory to arrive exactly as they are just-in-time manufacturing systema production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to Lean productionThe technique of stripping all non-value-added activities from limited liability partnershipan organizational form that is a hybrid of the corporate and partnership organizational Limited partnerA partner who has limited legal liability for the obligations of the partnership. Limited partnershipA partnership that includes one or more partners who have limited liability. Limited partnershipA partnership that includes one or more partners who have limited liability. lock-box systemsystem whereby customers send payments to a post office box and a local bank collects and processes checks. MACRS (Modified Accelerated Cost Recovery System)A depreciation method created by the IRS under the Tax Reform Act of 1986. Companies must use it to depreciate all plant and equipment assets installed after December 31, 1986 (for tax purposes). Make-Work ProjectA project, such as digging holes and filling them up again, that has no useful purpose other than to make work. Making deliveryRefers to the seller's actually turning over to the buyer the asset agreed upon in a forward contract. Managementmanagement refers to the individuals in an entity that have the authority and the responsibility to manage the entity. The positions of these individuals, and their titles, vary from one entity to another and, to some extent, from one country to another depending on the local laws and customs. Thus, when the context requires it, the term includes the board of directors or committees of the board which are designated to oversee certain matters (e.g., audit committee). Management accountingThe production of financial and non-financial information used in planning for the future; making decisions about products, services, prices and what costs to incur; and ensuring that plans are implemented and achieved. management accountinga discipline that includes almost Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |