A variance report is a structured report showing the differences between actual results and planned or standard figures, along with explanations where available. It is often used in budgeting, standard costing, and management review. Variance reports help managers focus on areas where performance differed significantly from expectations.
Voucher
A voucher is a document that supports and authorizes an accounting entry or payment transaction. It may include details such as date, amount, purpose,...
Voluntary Disclosure
Voluntary disclosure means providing information beyond what is strictly required by law or accounting standards, often to improve transparency and stakeholder confidence. This may...
Volume Rebate
A volume rebate is a discount or refund given by a seller to a buyer after the buyer purchases a specified quantity or achieves...
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