TARIFF, AD VAL OREM Definition

Bookmark and Share

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

Learn new Accounting Terms

REVERSION ASSET see ASSET REVERSION.

SEPARATE VALUATION CONCEPT is a recording and measurement rule that relates to the determination of the aggregate amount of any item. In order to determine the aggregate amount of an asset or a liability, each individual asset or liability that comprises the aggregate must be determined separately. This is important because material items may reflect different economic circumstances. There must be a review of each material item to comply with the appropriate accounting standards.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.