Backflush Accounting

  • 1 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 3 min read Definitions
Backflush Accounting: A Streamlined Costing Method
Accounting Finance Backflush Accounting Costing Method Lean Management Just-in-Time Inventory Management
A method of costing a product based on a management philosophy that includes having the minimum levels of stock available; in these circumstances, the valuation of stocks becomes less important, making the complex use of absorption costing techniques unnecessary.
Read more about Backflush Accounting: A Streamlined Costing Method.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.