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...
What is 'Back-Of-The-Envelope Calculation' An informal mathematical computation, often performed on a scrap of paper such as an envelope. A back-of-the-envelope calculation...
What is 'Bag Man' Any person in charge of organizing, collecting and transporting money, generally in connection with illegal or illicit activities....
What is 'Back Months' The available futures contracts for a particular commodity that possess expirations or delivery dates furthest into the future....