View source for Raw material

[[Raw material]] is the material or substance that the [[enterprise]]s in the [[manufacturing industry]] or other production units further process in order to create goods and services consumable by [[end-user]]s.


==Definitions==
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
:[[Raw material]]. Material that is to be processed into a finished product or that changes the quality or characteristics of the product.

==Related concepts==
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].

==Related lectures==
*[[Principles of Accounting]]. 

[[Category: International Accounting]][[Category: Articles]]