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The Accountant's Dictionary
Search structured definitions, practical explanations, and related business terms for HR, payroll, accounting, finance, and operational control.
Search the Eprecus ERP The Accountant's Dictionary
The Eprecus ERP dictionary is built for finance teams, HR managers, payroll administrators, operations leads, and business owners who need clear definitions they can apply inside real workflows. Use this glossary to understand payroll terminology, accounting definitions, HR metrics, and enterprise software concepts without vague textbook language.
Each entry is written to support practical ERP work, including reporting, approvals, payroll review, compliance conversations, reconciliation, workforce planning, and process design. If you need deeper examples, continue into the Eprecus ERP blog or review the platform overview.
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Showing 152 result(s) for "inventory".
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Filtered by search term 'inventory'
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20
A
ABC inventory system
An ABC inventory system classifies inventory into categories such as A, B, and C based on value, usage, or control priority.
The Accountant's Dictionary
• accounting, finance, inventory
absorption costing
absorption costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
activity-based costing (ABC)
activity-based costing (ABC) is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
actual costing
actual costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
after-tax cost of debt
after-tax cost of debt is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, compliance
allowance to reduce inventory to net realizable value
allowance to reduce inventory to net realizable value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
average cost of inventory
average cost of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
average inventory
average inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
B
batch-level cost
batch-level cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
bill of materials
bill of materials is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.
The Accountant's Dictionary
• accounting, finance, inventory
BOM
BOM stands for bill of materials, the structured list of components required to build a product.
The Accountant's Dictionary
• accounting, finance, inventory
C
Cost of Goods Sold
Cost of goods sold is the direct cost of inventory or production consumed to deliver the goods a business sells.
The Accountant's Dictionary
• inventory, margin, gross profit
carrying cost of inventory
carrying cost of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
COGS
COGS, or cost of goods sold, is the direct cost assigned to the goods or services delivered to customers during the reporting period.
The Accountant's Dictionary
• accounting, finance, inventory
common costs
common costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
contra inventory account
contra inventory account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, inventory
conversion costs
conversion costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost
cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost accounting
cost accounting is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost behavior
cost behavior is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost center
cost center is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost flow assumption
cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost object
cost object is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost of capital
cost of capital is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost of carrying inventory
cost of carrying inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
cost of goods available for sale
cost of goods available for sale is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
cost of goods purchased
cost of goods purchased is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
cost of products sold
cost of products sold is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost principle
cost principle is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost-volume-profit (CVP)
cost-volume-profit (CVP) is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
D
days' sales in inventory
days' sales in inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
debt issue costs
debt issue costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
depreciable cost
depreciable cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
differential cost
differential cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct cost
direct cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct costing
direct costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct materials
direct materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials efficiency variance
direct materials efficiency variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials inventory
direct materials inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials price variance
direct materials price variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials quantity variance
direct materials quantity variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials usage variance
direct materials usage variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
dollar-value LIFO retail method
dollar-value LIFO retail method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
E
estimating inventory
estimating inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
expired costs
expired costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
exploding the bills of materials
exploding the bills of materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
F
FG Inventory
FG inventory means finished goods inventory, the completed products held for sale.
The Accountant's Dictionary
• accounting, finance, inventory
FIFO
FIFO stands for first in, first out, a cost flow assumption where the earliest inventory costs are assigned first.
The Accountant's Dictionary
• accounting, finance, inventory
FIFO cost flow assumption
FIFO cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
finished goods inventory
finished goods inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
first in, first out (FIFO)
first in, first out (FIFO) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
FISH
FISH stands for first in, still here, an informal way to describe older inventory that remains on hand.
The Accountant's Dictionary
• accounting, finance
fixed costs
fixed costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
full costing
full costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
G
gross profit method of estimating inventory
gross profit method of estimating inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
H
historical cost
historical cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
holding costs
holding costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
I
in-process inventory
in-process inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
incremental cost
incremental cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
indirect cost
indirect cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
indirect factory costs
indirect factory costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
indirect manufacturing costs
indirect manufacturing costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
indirect materials
indirect materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventoriable cost
inventoriable cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
inventory
inventory is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory carrying costs
inventory carrying costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
inventory conformity rule
inventory conformity rule is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory cost flow assumption
inventory cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
inventory extension
inventory extension is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory holding costs
inventory holding costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
inventory shrinkage
inventory shrinkage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory turnover ratio
Inventory turnover ratio measures how often inventory is sold or consumed and replaced during the reporting period.
The Accountant's Dictionary
• accounting, finance, inventory
inventory valuation
inventory valuation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: FG
inventory: FG is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: finished goods (FG)
inventory: finished goods (FG) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: materials
inventory: materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: WIP
inventory: WIP is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: work-in-process (WIP)
inventory: work-in-process (WIP) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
J
JIT
JIT stands for just-in-time, an inventory and production approach that reduces stock on hand by synchronizing supply with demand.
The Accountant's Dictionary
• accounting, finance
job cost record
job cost record is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
job costing
job costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
job order cost sheet
job order cost sheet is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
job order costing
job order costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
joint cost
joint cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
L
last in, first out (LIFO)
last in, first out (LIFO) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
LCM
LCM stands for lower of cost or market, an older inventory valuation rule used in some accounting contexts.
The Accountant's Dictionary
• accounting, finance
LIFO
LIFO stands for last in, first out, a cost flow assumption where the most recent inventory costs are assigned first.
The Accountant's Dictionary
• accounting, finance, inventory
LIFO conformity rule
LIFO conformity rule is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
LIFO liquidation of layer
LIFO liquidation of layer is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
LIFO reserve
LIFO reserve is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
liquidation of LIFO layer
liquidation of LIFO layer is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
loss from reducing inventory to NRV
loss from reducing inventory to NRV is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
lower of cost or market
lower of cost or market is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
lower of cost or net realizable value
lower of cost or net realizable value is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
M
manufacturing costs
manufacturing costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
manufacturing support costs
manufacturing support costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
marginal cost
marginal cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
materials inventory
materials inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
materials price variance
materials price variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
materials quantity variance
materials quantity variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
materials usage variance
materials usage variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
merchandise inventory
merchandise inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
mixed costs
mixed costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
N
next-in, first-out cost flow assumption
next-in, first-out cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, compliance
nonmanufacturing overhead cost
nonmanufacturing overhead cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
normal costing
normal costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
O
opportunity cost
opportunity cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
order costs
order costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
overapplied overhead costs
overapplied overhead costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
overhead costs
overhead costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
P
past cost
past cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
period cost
period cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
periodic FIFO
periodic FIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
periodic LIFO
periodic LIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
periodic system of inventory
periodic system of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual FIFO
perpetual FIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual inventory
perpetual inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual inventory method
perpetual inventory method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual LIFO
perpetual LIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual system of inventory
perpetual system of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
physical inventory
physical inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
prime costs
prime costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
process costing system
process costing system is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
product cost
product cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
product warranty cost
product warranty cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
production costs
production costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
R
raw materials inventory
raw materials inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
relative sales value method of allocating cost
relative sales value method of allocating cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
relevant cost
relevant cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
replacement cost
replacement cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
research and development costs
research and development costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
retail method of estimating inventory
retail method of estimating inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
S
semivariable costs
semivariable costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
setup cost
setup cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
shrinkage
shrinkage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
slope of cost line
slope of cost line is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost
standard cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost per unit of input
standard cost per unit of input is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost per unit of product
standard cost per unit of product is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost system
standard cost system is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard costing
standard costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
sunk cost
sunk cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
T
traditional costing
traditional costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
transferred-in cost
transferred-in cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
V
variable cost
variable cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable cost rate
variable cost rate is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable costing
variable costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable manufacturing overhead cost
variable manufacturing overhead cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
W
weighted-average cost flow assumption
weighted-average cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
weighted-average cost of capital
weighted-average cost of capital is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
WIP
WIP stands for work-in-process inventory, the partially completed goods in production.
The Accountant's Dictionary
• accounting, finance, inventory
work-in-process inventory
work-in-process inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory