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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A document listing the quantities of specific parts to be withdrawn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
Very early orders for materials before the completion
Information that is known to some people but not to other people.
A method developed by BARRA, a consulting firm in
A listing of all the materials and quantities that go to make up a completed product.
a document that contains information about
An itemization of the parts and subassemblies required to create a
A listing of all parts and subassemblies required to produce one
A bill of material that accounts for the generation and
The Association for Investment Management and Research (AIMR)'s Performance Presentation Standards Implementation
a readily identifiable part of a product; the cost of such a part
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
A format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities.
Inventory that has been physically marked as being for a
Expected value of perfect information
The expected value if the future uncertain outcomes could be known
Flat benefit formula
Method used to determine a participant's benefits in a defined benefit plan by
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
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.
A method of selling a new issue of common stock in which the SEC declares the registration
Future-Oriented Financial Information
Information about prospective results of operations, financial position and/or changes in financial position, based on assumptions about future economic conditions and courses of action. Future-oriented financial information is presented as either a forecast or a projection.
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
Indented bill of material
A bill of material reporting format under which successively
A format for the operating section of the cash-flow statement that
bits of knowledge or fact that have been carefully
A situation involving information that is known to some, but not all, participants.
Information Coefficient (IC)
The correlation between predicted and actual stock returns, sometimes used to
The rise in the stock price following the dividend signal.
information content of dividends
Dividend increases send good news about cash flow and earnings. Dividend cuts send bad news.
Transaction costs that include the assessment of the investment merits of a financial asset.
Trades in which an investor believes he or she possesses pertinent
Organizations that furnish investment and other types of information, such as
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
Relevant information about a company that has not yet been made public. It is illegal for
management information system (MIS)
a structure of interrelated elements that collects, organizes, and communicates
material mix variance
(actual mix X actual quantity X standard price) - (standard mix X actual quantity X standardprice);
material price variance
total actual cost of material purchased
material quantity variance
(actual quantity X standard price) - (standard quantity allowed standard price);
Material requirements planning
A computerized system used to calculate material
Material requirements planning (MRP)
A computer-driven production methodology
Material review board
A company committee typically comprising members representing
material yield variance
(standard mix X actual quantity X standard price) - (standard mix X standard quantity X standard price);
The proportional size of a financial misstatement. It can be construed as
A characterization of the magnitude of a financial statement item's effect on a
Materials price variance
The difference between the actual and budgeted cost to
Materials quantity variance
The difference between the actual and budgeted quantities
Materials requirement planning
Computer-based systems that plan backward from the production schedule
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
Matrix bill of material
A bill of materials chart listing the bills for similar products,
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.
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
Normal annuity form
The manner in which retirement benefits are paid out.
The waste materials resulting from a production process.
an entity’s legal nature (for example,
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 process of determining the degree
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
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
Phantom bill of material
A bill of materials for a subassembly that is not normally
Pro forma capital structure analysis
A method of analyzing the impact of alternative capital structure
Reported net income with selected nonrecurring items of revenue or gain
Pro forma financial statements
Financial statements as adjusted to reflect a projected or planned transaction.
Pro forma (Proforma)
A set of financial statements that incorporates some assumptions, usually
Pro forma statement
A financial statement showing the forecast or projected operating results and balance
Projected or forecasted financial statements.
Base-level items used by the manufacturing process to create either
Raw material supply agreement
As used in connection with project financing, an agreement to furnish a
Unprocessed goods bought for manufacture, part of inventory.
Raw materials inventory
The total cost of all component parts currently in stock that
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.
Semi-strong form efficiency
A form of pricing efficiency where the price of the security fully reflects all
Market prices reflect all publicly available information.
Single-level bill of material
A list of all components used in a parent item.
Pricing efficiency, where the price of a, security reflects all information, whether or
Market prices rapidly reflect all information that could in principle be used to determine true value.
Summarized bill of materials
A bill of materials format showing the grand total
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.
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
Unit benefit formula
Method used to determine a participant's benefits in a defined benefit plan by
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
Weak form efficiency
A form of pricing efficiency where the price of the security reflects the past price and
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