Vertical Analysis
Vertical analysis expresses each item in a financial statement as a percentage of a base amount, like total sales in an income statement or total assets in a balance sheet. It helps compare relative proportions, making it easier to analyse cost structure and profitability trends across periods.
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Valuation Account
A valuation account adjusts the carrying value of an associated asset or liability, such as an allowance for doubtful debts…
Vendor Management
Vendor management is the process of monitoring and optimising relationships with suppliers and service providers. In accounting, it ensures timely…
Variance Report
A variance report compares budgeted figures to actual results to identify performance gaps. It highlights both favourable and unfavourable variances…
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