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Backflush Costing: Definition and How System Works for Inventory

By Itho November 16, 2010

[ad_1] What Is Backflush Costing? Backflush costing is a product costing system generally used in a just-in-time (JIT) inventory system. In short, it is an accounting method that records the…

Bank Stress Test: Definition, Process, Benefits, and Criticisms

By Itho November 16, 2010

[ad_1] What Is a Bank Stress Test? A bank stress test evaluates how a bank could handle extreme economic conditions, such as a severe recession or market crash. These…

Branch Accounting Explained: Definition, Methods, and Benefits

By Itho November 16, 2010

[ad_1] What Is Branch Accounting? Branch accounting involves maintaining separate accounts for each branch or operating location of an organization for greater transparency of transactions, cash flows, and performance. Branch…

Drawing Account: What It Is and How It Works

By Itho November 15, 2010

[ad_1] What Is a Drawing Account? A drawing account is an accounting record maintained to track money and other assets withdrawn from a business by its owners. A drawing…

Direct Marketing: What It Is and How It Works

By Itho November 15, 2010

[ad_1] What Is Direct Marketing? Direct marketing is a form of advertising that consists of any promotion that relies on direct communication or distribution to individual consumers rather than…

Electronic Fund Transfer Act (EFTA): Definition and Requirements

By Itho November 15, 2010

[ad_1] What Is the Electronic Fund Transfer Act (EFTA)? The Electronic Fund Transfer Act (EFTA) is a federal law that protects consumers when they transfer funds electronically, including through the…