Zero Inventory System
A zero inventory system is a just-in-time inventory strategy where goods are ordered and produced only as needed. It reduces storage costs and waste but requires precise demand forecasting and supplier reliability. Accountants monitor it closely to track cost savings and manage risks.
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Zero Defect Accounting
Zero defect accounting applies quality management principles to financial reporting, aiming for error-free entries and reconciliation. It focuses on preventive…
Zonal Costing
Zonal costing involves calculating and comparing costs incurred across different operational zones or branches of a company. It assists management…
Z-Trend Analysis
Z-trend analysis uses statistical standardisation (z-scores) to identify deviations from normal performance in financial data. It helps accountants and auditors…
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