LIFO RESERVE is the difference between the ending inventory under LIFO and FIFO (or other method that might be chosen).
MEMORANDUM FOR RECORD (MR) is an in-house memo covering information that would otherwise not be recorded in writing.
OPERATING EXPENSES BUDGET forecasts all of the elements of a business' operating expenses, such as salaries, rent, depreciation, and others. Some of these expenses are fixed and some are variable (in other words, based on another metric, such as revenues). While the Operating Expenses Budget represents an estimate of future expenses, this is an accrual-based accounting figure, and it is the Disbursements for Operating Expenses Budget, a component of the Operating Expenses Budget, that drives a company's cash flows.
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