Difference between revisions of "Materials flow accounting"
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| − | + | [[Materials flow accounting]] ([[MFA]]) is an accounting system in which all physical inputs to an organization's operations are reconciled with output generated. The goal is to track where all physical inputs are going. | |
==Definitions== | ==Definitions== | ||
Latest revision as of 12:53, 15 July 2020
Materials flow accounting (MFA) is an accounting system in which all physical inputs to an organization's operations are reconciled with output generated. The goal is to track where all physical inputs are going.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Materials flow accounting (MFA). An accounting system in which all physical inputs to an organization's operations are reconciled with output generated. The goal is to track where all physical inputs are going.
