BOM

Accounting Dictionary

BOM

Bill of Materials.

The list of the quantities of each raw material needed to produce something. The bill of materials to produce a chair would list the amount of wood and fabric and stuffing needed to make the chair. BOM can also be an abbreviation for Board of Managers, a synonym for Board of Directors.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!