a b c d e f g h i j l m n o p q r s t u v w y z
Valuation allowance: An impairment allowance for the portion of the asset deemed more likely than not to be realized (p. 926). Variable costing system: A system to assign manufacturing costs to inventory where all costs must be classified as variable or fixed. (p. 373) Variable costs: Those costs that fluctuate in direct proportion to changes in output. (p. 373) Verifiability: The quality of information that demonstrates that independent measurers, using the same measurement methods, obtain similar results. (p. 30) Vested benefit obligation: A measure of the pension obligation including only vested benefits and calculated using current salary levels (p. 970). Vested rights: When an employer has an obligation to pay the employee even of his or her employment is terminated (p. 672). Vesting: When the entitlement to future benefits is no longer contingent on the employee remaining in the entity�s service (p. 970). |