Management Glossary

  Terms beginning with f
page: 1 | 2 | »»
factoring
The selling of accounts receivable to a financial institution in order to receive cash immediately and avoid the risk of non-payment by the customer. They are sold at a discount to compensate the financial institution for the usual delay in receiving funds owed by customers and the risk of non-payment.
Contributed by: ManagerWise Staff
See: accounts receivable

fair disclosure
Generally refers to the SEC (Securities and Exchange Commission) regulation FD.
Contributed by: ManagerWise Staff
See: regulation FD, insider trading

fair market value

The price at which a product or equity can be sold if both the buyer and seller are willing participants in the transaction and not under any pressure to buy or sell.

FASB
Financial Accounting Standards Board.
Contributed by: ManagerWise Staff
See: financial accounting standards board

FD
Generally refers to the SEC (Securities and Exchange Commission) regulation FD.
Contributed by: ManagerWise Staff
See: regulation FD, insider trading

feasibility study
A structured evaluation of whether a proposed project is: technically possible; affordable given the organization's funds on hand, cash flow and access to external funding; and, in the case of for-profit companies, expected to be profitable. Obviously, a project that is deemed to be infeasible will not proceed.
Contributed by: Managerwise Staff

fiduciary
One who as a result of an implicit or explicit contract is morally and legally bound to act for the benefit of another part.
Contributed by: ManagerWise Staff

FIFO
First In. First Out
Contributed by: ManagerWise Staff
See: first in first out

Financial Accounting Standards Board
A U.S. private sector organization designated to establish standards of financial reporting and accounting. Abbreviated FASB. The board of independent members is charged with creating and interpreting the Generally Accepted Accounting Principles (GAAP).
Contributed by: ManagerWise Staff
See: generally accepted accounting principles

first in first out
A method of accounting for inventory. Abbreviated as FIFO. While the movement of specific items of inventories of commodity goods are trypically not tracked in accounting records, the FIFO method assumes for costs purposes that the first units that entered the inventory are the first that leave it.
Contributed by: ManagerWise Staff
See: last in first out

first-line supervisor

Someone who supervises production staff and has no supervisors reporting to him or her.

Contributed by: Managerwise Staff

first-mover advantage
The extreme case of an early-mover advantage. As an example of a first-mover advantage, the company that introduces a totally new category of product or service may be able to define that market in prospective customer's minds. The first-mover's brand will then be top of mind when customers go looking for a product in that category. (In such a case, customers may even start referring to the whole category by the fist-mover's brand. For example, referring to all facial tissues as "Kleenex" despite the fact that Kleenex is only one brand in the facial tissue category. Or, in the early days of photocopying, people often talked about Xeroxing a document, regardless of which brand of photocopiers was used to do the job)
Contributed by: ManagerWise Staff
See: early-mover advantage, late-mover advantage

first-to-market
The first brand of product to be sold in an entirely new category of product. The term may also refer to the company which delivers that product.
Contributed by: ManagerWise Staff

fiscal year
A twelve month period that is used as the basis for the prepartion of a company's annual financial records. A company's fiscal year may or may not coincide with the calendar year.
Contributed by: ManagerWise Staff

fixed asset
The major, tangible assets of a company that are not expected to be sold in the short-term and are not items that traded in the normal course of business. (For example, no matter how long they might be expected to sit in the company, inventories of parts, raw material or finished goods are not fixed assets despite being tangible.)
Contributed by: Managerwise Staff
See: asset



page: 1 | 2 | »»


Click on a letter to find terms starting with that letter:
0-9|A|B|C|D|E|F|G|H|I|J|K|L|M|N|O|P|Q|R|S|T|U|V|W|X|Y|Z\

You can also click here to see a list of all of the words in the glossary with links to the definitions.

Or, search the glossary:

Match: any word     all words

Help the Glossary Grow!

Click here
to add a definition. We credit contributors of accepted definitions with, at your option, an e-mail and/or Web link.