Business Processes

On Order
On order refers to goods or services that have been requested through a purchase order but have not yet been received or paid for.
Paper Trail
A paper trail encompasses the physical or digital documentation that records the sequence of activities and transactions, serving as a crucial mechanism for tracking and verifying the authenticity of business processes and financial records.
Pipeline
A pipeline refers to a method or system used for the consistent and controlled delivery of goods, services, or information.
Structural Capital
Structural capital is one of the three primary components of intellectual capital. It includes the processes, databases, patents, and other organizational resources that support the operations of a business.
Total Quality Management (TQM)
Total Quality Management (TQM) is an organizational approach that seeks to improve quality and performance to meet or exceed customer expectations. Through continuous improvement, employee empowerment, and systematic process analysis, TQM aims to enhance the overall operational efficiency and customer satisfaction.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.