Financial Accounting Terms with "V"
Glossary of Financial Accounting - Glossario Contabilità Finanziaria
Glossary of Financial Accounting - Glossario Contabilità Finanziaria
Value to the Business: an idea used in deciding on a measure of current value.
Value to the Business: an idea used in deciding on a measure of current value.
Variance: the difference between a planned, budgeted or standard cost and the actual cost incurred. An adverse variance arises when the actual cost is greater than the standard cost. A favourable variance arises when the actual cost is less than the standard cost.
Variance: the difference between a planned, budgeted or standard cost and the actual cost incurred. An adverse variance arises when the actual cost is greater than the standard cost. A favourable variance arises when the actual cost is less than the standard cost.