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Definition of Parts requisition
An authorization to move a specific quantity of an item from
a source document that indicates
A document listing the quantities of specific parts to be withdrawn
parts that have been reconstructed to render them capable
parts requiring some modification before being substituted
Information that is known to some people but not to other people.
A method developed by BARRA, a consulting firm in
The Association for Investment Management and Research (AIMR)'s Performance Presentation Standards Implementation
The expected value if the future uncertain outcomes could be known
Method used to determine a participant's benefits in a defined benefit plan by
A method of selling a new issue of common stock in which the SEC declares the registration
A situation involving information that is known to some, but not all, participants.
The correlation between predicted and actual stock returns, sometimes used to
Transaction costs that include the assessment of the investment merits of a financial asset.
Organizations that furnish investment and other types of information, such as
The rise in the stock price following the dividend signal.
The speed and accuracy with which prices reflect new information.
Trades that are the result of either a reallocation of wealth or an implementation of an
Trades in which an investor believes he or she possesses pertinent
Relevant information about a company that has not yet been made public. It is illegal for
Materials requirement planning
Computer-based systems that plan backward from the production schedule
Normal annuity form
The manner in which retirement benefits are paid out.
When a security is expected to appreciate at a rate faster than the overall market.
Performance attribution analysis
The decomposition of a money manager's performance results to explain
The evaluation of a manager's performance which involves, first, determining
The calculation of the return realized by a money manager over some time interval.
Shares of stock given to managers on the basis of performance as measured by earnings
Pro forma capital structure analysis
A method of analyzing the impact of alternative capital structure
Pro forma financial statements
Financial statements as adjusted to reflect a projected or planned transaction.
Pro forma statement
A financial statement showing the forecast or projected operating results and balance
Raw material supply agreement
As used in connection with project financing, an agreement to furnish a
Semi-strong form efficiency
A form of pricing efficiency where the price of the security fully reflects all
Pricing efficiency, where the price of a, security reflects all information, whether or
Tax Reform Act of 1986
A 1986 law involving a major overhaul of the U.S. tax code.
When a security is expected to appreciate at a slower rate than the overall market.
Unit benefit formula
Method used to determine a participant's benefits in a defined benefit plan by
Weak form efficiency
A form of pricing efficiency where the price of the security reflects the past price and
Bill of materials
A listing of all the materials and quantities that go to make up a completed product.
Unprocessed goods bought for manufacture, part of inventory.
bill of materials
a document that contains information about
a readily identifiable part of a product; the cost of such a part
bits of knowledge or fact that have been carefully
management information system (MIS)
a structure of interrelated elements that collects, organizes, and communicates
material price variance
total actual cost of material purchased
material quantity variance
(actual quantity X standard price) - (standard quantity allowed standard price);
material mix variance
(actual mix X actual quantity X standard price) - (standard mix X actual quantity X standardprice);
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
material yield variance
(standard mix X actual quantity X standard price) - (standard mix X standard quantity X standard price);
an entity’s legal nature (for example,
the process of determining the degree
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
Bill of materials
An itemization of the parts and subassemblies required to create a
Direct materials cost
The cost of all materials used in a cost object, such as finished goods.
Direct materials mix variance
The variance between the budgeted and actual mixes of
The proportional size of a financial misstatement. It can be construed as
Material requirements planning (MRP)
A computer-driven production methodology
Materials price variance
The difference between the actual and budgeted cost to
Materials quantity variance
The difference between the actual and budgeted quantities
Pro forma (Proforma)
A set of financial statements that incorporates some assumptions, usually
Raw materials inventory
The total cost of all component parts currently in stock that
information content of dividends
Dividend increases send good news about cash flow and earnings. Dividend cuts send bad news.
Projected or forecasted financial statements.
Market prices reflect all publicly available information.
Market prices rapidly reflect all information that could in principle be used to determine true value.
Market prices rapidly reflect all information contained in the history of past prices.
A form used by businesses to report to the government payments
A form used by employees to report to an employer the amount of
The standard form used for notifying a company to garnish an employee’s
The form used by employers to report tip income by their employees
A form used to report federal unemployment tax remittances and liabilities.
A shortened version of the form 940.
The Employment Eligibility Verification form, which must be filled
Illegal Immigration Reform and Immigrant Responsibility Act of 1996 (IIRIRA)
A federal Act shielding employers from liability if they have made
Immigration Reform and Control Act of 1986
A federal Act requiring all employers having at least four employees to verify the identity and employment
Uniform Interstate Family Support Act
A federal Act specifying which jurisdiction
Uniformed Services Employment and Reemployment Rights Act of 1994
A federal act that minimizes the impact on people serving in the Armed Forces
A form used to report gross pay and tax deductions for each employee
A form issued to a company’s suppliers, requesting that they identify
A format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities.
A format for the operating section of the cash-flow statement that
A characterization of the magnitude of a financial statement item's effect on a
Reported net income with selected nonrecurring items of revenue or gain
Advance material request
Very early orders for materials before the completion
Bill of materials (BOM)
A listing of all parts and subassemblies required to produce one
Breeder bill of materials
A bill of material that accounts for the generation and
Inventory that has been physically marked as being for a
Indented bill of material
A bill of material reporting format under which successively
Material requirements planning
A computerized system used to calculate material
Material review board
A company committee typically comprising members representing
Matrix bill of material
A bill of materials chart listing the bills for similar products,
Modular bill of material
A bill of material format in which components and subassemblies
Multilevel bill of material
An itemization of all bill of material components, including
Any inventory item that does not match its original design
The waste materials resulting from a production process.
Phantom bill of material
A bill of materials for a subassembly that is not normally
Base-level items used by the manufacturing process to create either
Repair bill of material
A special bill itemizing changes needed to refurbish an
material that has been reworked and returned to stock.
material that has been reserved for a specific purpose.
Single-level bill of material
A list of all components used in a parent item.
Summarized bill of materials
A bill of materials format showing the grand total
Medical Information Bureau
This organization was established in 1902. The Medical Information Bureau (M.I.B.) is a non-profit association of life insurance companies. Its purpose is to detect and deter fraud by providing warnings called, alerts, to member companies. For example, if an insurance applicant advised one insurance company of a heart attack and then applied to another insurance company omitting this history, codes, reported by the first insurance company, indicating a heart attack would alert the second insurance company to the undisclosed history. It is a rarity, however, that the alert is the only notice of a specific medical impairement as most applicants completely disclose their history.
Formalized Line of Credit
A contractual commitment to make loans to a particular borrower up to a specified maximum during a specified period, usually one year.
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