Terms starting with
Valuation Allowance
A valuation allowance is a reserve account used to reduce the value of a deferred tax asset when it's unlikely to be fully realised. It…
READ MOREValuation
Valuation is the process of determining the fair market value of an asset, company, or liability. It’s essential for financial reporting, mergers and acquisitions, investment…
READ MOREValue Added Tax (VAT)
VAT is a consumption tax imposed at each stage of the supply chain where value is added. Businesses collect VAT on sales and pay VAT…
READ MOREVariable cost
Variable costs change directly with the level of production or sales. Common examples include raw materials, direct labour, and packaging. These costs increase as output…
READ MOREVariance Analysis
Variance analysis is the process of comparing actual financial outcomes to budgeted or standard figures. It identifies differences called variances that may be favourable or…
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