Variance Report
A variance report compares budgeted figures to actual results to identify performance gaps. It highlights both favourable and unfavourable variances and is used by management to analyse operational efficiency, improve forecasting, and implement corrective actions.
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Volatility
Volatility refers to the degree of variation in financial metrics such as earnings, cash flows, or market prices over time.…
Volume Rebate
Volume rebate is a financial incentive offered by suppliers when buyers purchase goods above a specified quantity threshold. In accounting,…
Void Transaction
A void transaction is an accounting entry that has been cancelled before final processing or posting. It remains recorded for…
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