Work in Progress (WIP)
Work in Progress refers to partially completed goods in a production process. It includes the cost of raw materials, labour, and overhead incurred so far. WIP is recorded as an inventory asset on the balance sheet until the production cycle is complete and goods are sold.
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Weighted Average Cost of Capital (WACC)
WACC represents a firm’s overall cost of capital from all sources, debt, equity, and preferred stock, weighted by their proportion…
Window Dressing
Window dressing refers to the deliberate manipulation of financial statements to make a company’s performance appear more favourable than it…
Withholding Tax
Withholding tax is the portion of income tax deducted at source by the payer on payments like salaries, rent, interest,…
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