Examples of direct materials include bricks, shingles, wooden beams and floorboards for a house. Paper for the manufacture of paper bags is also a direct material. Direct materials are defined as raw materials, parts and subassemblies that go into a finished product.Know More
Direct materials are able to be measured, kept track of and counted. The amount of paper in paper bags is easily determined, but the amount of glue used to keep the bag together is not ascertainable. In this case, paper is a direct material, but glue is not, even though both are raw materials.
Indirect materials include items that are used to make a product but do not go into the final product. Indirect materials include oil consumed in automated machines that produce items, sandpaper consumed to make wooden products and welding rods consumed for large metal objects.Learn more about Accounting
Some examples of ERP software systems that are available in the market as of 2014 include Infor VISUAL ERP, NetSuite, Sage ERP, Microsoft Dynamics GP and SYSPRO. Enterprise resource planning, or ERP, systems are software that are used for the purpose of business management and integrating various applications. Some applications that are included in a typical ERP system are product planning and cost, manufacturing or service delivery, and inventory management.Full Answer >
Three places where examples of a chart of accounts, or COA, can be found are the Strategic CFO, Accounting Tools and Accounting Coach websites. A chart of accounts represents a numerically identified listing of all of the accounts a company has on its general ledger, notes the Strategic CFO website.Full Answer >
Examples of cash receipts are available on Vertex42.com and BrightHub.com. Both sites also offer downloadable templates for cash receipts, available in Microsoft Word and Excel formats.Full Answer >
Creative accounting refers to any accounting practice that is technically correct but deviates from how accounting policies were intended to be used. In general, creative accounting capitalizes on loopholes in generally accepted accounting principles in order to disguise financial performance, such as by keeping debt off a balance sheet.Full Answer >