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 'Back Months' The available futures contracts for a particular commodity that possess expirations or delivery dates furthest into the future....