Tag: accounting

What is 'Backward Integration' Backward integration is a form of vertical integration that involves the purchase of, or merger with, suppliers up the supply chain....

What is 'Bait Record' An internal control used in accounting to detect fraud and improper usage. Bait records are planted in computerized...

What is 'Backpricing' A pricing method used in specific futures contracts whereby the price of the commodity to be delivered is priced...

What is 'Bad Debt Reserve' An account set aside by a company to account for and offset losses that arise as a...

What is a 'Back-End Load' A back-end load is a fee (sales charge or load) that investors pay when selling mutual fund...

What is 'Backflush Costing' Backflush costing is a product costing system generally used in a just-in-time inventory environment. Backflush costing delays the...

What is balance reporting and why is it important for businesses Balance reporting is the process of creating a financial report that provides an overview...

Beta (beta coefficient or β) is a finance term that represents risk of a financial instrument. In simple terms, it is a numerical value...

What is 'Bad Paper' Unsecured short-term fixed income instrument that is issued either by a corporation, city, state or country, that has...

DefinitionA basis point is one hundredth of a percent or equivalently one ten thousandth. The related concept of a permyriad is literally one part...