Accounting Software Glossary |
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The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary. |
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Definition of Material Requirements Planning |
MRP or Material Requirements Planning is a software based production planning and inventory control system used to manage manufacturing processes. Obsoleted by MRP II and then by ERP, the basic principles are still prevalent within many accounting software applications.Other accounting software terms beginning with M |
| Management accounting |
| Management accounting involves the processes of pr... |
| Manufacturing account |
| An accounting statement that forms an integral par... |
| Manufacturing Resource Planning |
| MRP II or Manufacturing resource Planning is a met... |
| Matching principle |
| The matching principle is the accounting principle... |
| Material Requirements Planning |
| MRP or Material Requirements Planning is a softwar... |