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Definition of Putaway
The process of moving received items to storage and recording the related
A racking system using automated systems
the process of combining information technology to create new and more effective
Temporary investments of currently excess cash in short-term, high-quality
A transaction where exchange is immediate, as contrasted to a forward contract, which
The time that elapses between receipt of payment from a customer and the
relative costs and benefits that result from a specific course
In the balance of payments, counterpart items are analogous to unrequited transfers in the
A conception of the way a stock's price changes that assumes that the price takes on all
the method of cost assignment that computes an average cost per equivalent
An inventory storage technique under which permanent
Publicly owned stock in a firm is replaced with complete equity ownership by a
Bank loan to a highly leveraged firm.
Refers to the time it takes the receiver of a check to process the payment and
transaction carried out between two units of the same corporation.
Statistical assumptions about the behavior of security prices. For
a manufacturing process that simultaneously
modified FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per
Used in charts and technical analysis, the average of security or commodity prices
A price average that is adjusted by adding other
Moving average inventory method
An inventory costing methodology that calls for the re-calculation of the average cost of all parts in stock after every purchase.
A financial chart that plots leading and lagging
the ability of a worker to monitor
Revenues or gains and expenses or losses that are not expected to recur
Withdrawing parts or subassemblies from stock in order to
The storage of stock in a location in or near the shop floor
Price discovery process
The process of determining the prices of the assets in the marketplace through the
A series of linked activities that result in a specific objective. For example, the
benchmarking that focuses on practices and how the best-in-class companies achieved their results
an assessment about the number of processes through which a product flows
A method of costing for continuous manufacture in which costs for an accounting compared are compared with production for the same period to determine a cost per unit produced.
A costing methodology that arrives at an individual product cost through the calculation of average costs for large quantities of identical products.
process costing system
a method of accumulating and assigning costs to units of production in companies producing large quantities of homogeneous products;
Process flow production
A production configuration in which products are continually
a flowchart or diagram indicating every step
the total units produced during a period
process quality yield
the proportion of good units that resulted from the activities expended
the actual time consumed performing the
product- (or process-) level cost
a cost that is caused by the development, production, or acquisition of specific products or services
Purchased In-Process Research and Development
Unfinished research and development that is acquired from another firm.
The technique of storing incoming inventory in any
Realizable Revenue A revenue transaction where assets received in exchange for goods and
services are readily convertible into known amounts of cash or claims to cash.
Material that has been reworked and returned to stock.
Round-trip transactions costs
Costs of completing a transaction, including commissions, market impact
Simple moving average
The mean, calculated at any time over a past period of fixed length.
An inventory item having a slower rate of turnover than the
Significant credits or charges resulting from transactions or events that, in the
statistical process control (SPC)
the use of control techniques that are based on the theory that a process has natural variations in it over time, but uncommon variations
strict FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per equivalent unit and, in transferring units from a department, keeps the
Structured arbitrage transaction
A self-funding, self-hedged series of transactions that usually utilize
Any transaction that is not tax-free to the parties involved, such as a taxable acquisition.
The financial description of a business event.
A business event that has a monetary impact on an entity’s financial statements,
Transaction demand (for money)
The need to accommodate a firm's expected cash transactions.
Risk to a firm with known future cash flows in a foreign currency that arises from
A loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving
The time, effort, and money necessary, including such things as commission fees and the
A desire to hold cash for the purpose of conducting cash based transactions.
weighted average method (of process costing)
the method of cost assignment that computes an average cost per
Any items being converted into finished goods or released from
Inventory that has been partially converted through the
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