Year-End Adjustment
A year-end adjustment involves updating financial records to reflect accurate balances before closing the books. Common adjustments include accruals, depreciation, provisions, and inventory valuation. These ensure that income and expenses are matched properly for precise financial reporting.
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Yield Ratio
Yield ratio measures the efficiency of a process or investment by comparing output to input. In financial terms, it evaluates…
Yearly Financial Statement
A yearly financial statement summarises a company’s financial performance and position over a 12-month period. It includes the balance sheet,…
Yield Management
Yield management is a strategic approach to pricing that aims to maximise revenue by adjusting prices based on demand, capacity,…
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