|units started and completed|
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: credit, finance, tax advisor, payroll, investment, money, accounting, inventory,
Definition of units started and completed
units started and completed
the difference between the number of units completed for the period and the units in beginning inventory; it can also be computed as the number of units started during the period minus the units in ending inventory
the method of cost assignment that uses FIFO to compute a cost per
the method of cost assignment that uses FIFO to compute a cost per equivalent unit and, in transferring units from a department, keeps the
Dollar deposits held in Singapore or other Asian centers.
A contract accounting method that recognizes contract revenue
an approximation of the number of whole units of output that could have been
the sum of the beginning inventory
A depreciation method that relates a machine’s depreciation to the number of units it makes each
A method of costing in which all fixed and variable production costs are charged to products or services using an allocation base.
a cost accumulation and reporting
A methodology under which all manufacturing costs are assigned
A method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services based on cost drivers.
A relatively new method advocated for the
a process using multiple cost drivers to predict and allocate costs to products and services;
A cost allocation system that compiles costs and assigns
a process of service department cost allocation
A method of adjusting accounts receivable to the amount that is expected to be collected based on company experience.
attribute-based costing (ABC II)
an extension of activitybased costing using cost-benefit analysis (based on increased customer utility) to choose the product attribute
Average-Cost Inventory Method
The inventory cost-flow assumption that assigns the average
a streamlined cost accounting method that speeds up, simplifies, and reduces accounting effort in an environment that minimizes inventory balances, requires
Benefit Ratio Method
The proportion of unemployment benefits paid to a company’s
Benefit Wage Ratio Method
The proportion of total taxable wages for laid off
Bootstrapping, bootstrap method
An arithmetic method for backing an
business process reengineering (BPR)
the process of combining information technology to create new and more effective
A method of constructing a replicating portfolio in which the manager purchases a
A contract accounting method that recognizes contract revenue
Corporate processing float
The time that elapses between receipt of payment from a customer and the
cost-benefit analysis the analytical process of comparing the
relative costs and benefits that result from a specific course
Current rate method
Under this currency translation method, all foreign currency balance-sheet and income
A conception of the way a stock's price changes that assumes that the price takes on all
see variable costing
A costing methodology that only assigns direct labor and material costs
Direct estimate method
A method of cash budgeting based on detailed estimates of cash receipts and cash
A method of preparing the operating section of the Statement of Cash Flows that uses the company’s actual cash inflows and cash outflows.
a service department cost allocation approach
A format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities.
Direct write-off method
A method of adjusting accounts receivable to the amount that is expected to be collected by eliminating the account balances of specific nonpaying customers.
dividend growth method
a method of computing the cost
Accounting method for an equity security in cases where the investor has sufficient
FIFO (First In, First Out)
An inventory valuation method that presumes that the first units received were the first ones
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
First in, first-out costing method (FIFO)
A process costing methodology that assigns the earliest
A method of valuing the cost of goods sold that uses the cost of the oldest item in
First-in, first-out (FIFO)
A method of accounting for inventory.
First-in, first-out (FIFO)
An inventory valuation method under which one assumes that the
First-In, First-Out (FIFO) Inventory Method
The inventory cost-flow assumption that
The practice of reporting to shareholders using straight-line depreciation and
A method of accounting for petroleum exploration and development expenditures
see absorption costing
Fully modified pass-throughs
Agency pass-throughs that guarantee the timely payment of both interest and
a technique used to determine the fixed
hybrid costing system
a costing system combining characteristics
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
A method of preparing the operating section of the Statement of Cash Flows that does not use the company’s actual cash inflows and cash outflows, but instead arrives at the net cash flow by taking net income and adjusting it for noncash expenses and the changes from last year in the current assets and current liabilities.
A format for the operating section of the cash-flow statement that
Statistical assumptions about the behavior of security prices. For
A method of accounting that accumulates the costs of a product/service that is produced either
job order costing system
a system of product costing used
a manufacturing process that simultaneously
judgmental method (of risk adjustment)
an informal method of adjusting for risk that allows the decision maker
The process of continual cost reduction that occurs after a product
Last-In, First-Out (LIFO) Inventory Method
The inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory
life cycle costing
the accumulation of costs for activities that
An approach to costing that estimates and accumulates the costs of a product/service over
Log-linear least-squares method
A statistical technique for fitting a curve to a set of data points. One of the
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).
method of least squares
see least squares regression analysis
method of neglect
a method of treating spoiled units in the
Modified Accelerated Cost Recovery System (MACRS)
Depreciation method that allows higher tax deductions in early years and lower deductions later.
The ratio of Macaulay duration to (1 + y), where y = the bond yield. modified duration is
The Macaulay duration discounted by the per-period
Agency pass-throughs that guarantee (1) timely interest payments and (2) principal
Monetary / non-monetary method
Under this translation method, monetary items (e.g. cash, accounts
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.
the ability of a worker to monitor
net present value method
a process that uses the discounted
Net Present Value (NPV) Method
A method of ranking investment proposals. NPV is equal to the present value of the future returns, discounted at the marginal cost of capital, minus the present value of the cost of the investment.
The practice of making a charge in the income account equivalent to the tax savings
A capital budgeting analysis method that calculates the amount of
A contract accounting method that recognizes contract
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
Accounting for an acquisition using market value for the consolidation of the two entities'
An accounting method used to combine the financial statements of
Purchased In-Process Research and Development
Unfinished research and development that is acquired from another firm.
a process that compares, to the extent possible
Material that has been reworked and returned to stock.
A method of allocating the purchase price for the acquisition of another firm among the
Inability of an individual/company to convert an asset into cash or cash equivalent without significant cost.
Provisions that place constraints on the operations of borrowers, such as restrictions on
risk-adjusted discount rate method
a formal method of adjusting for risk in which the decision maker increases the rate used for discounting the future cash flows to compensate for increased risk
Simple compound growth method
A method of calculating the growth rate by relating the terminal value to
an iterative (sequential) algorithm used to solve multivariable, multiconstraint linear programming problems
a high-performance, data-driven approach to analyzing and solving the root causes of business problems
A method of cash budgeting that is organized along the lines of the statement of cash flows.
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
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.