Valuation
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 decisions, and tax assessments. Methods include discounted cash flow, market comparables, and asset-based approaches, depending on the context and objective.
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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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