VALUE ADDED Definition

Bookmark and Share

VALUE ADDED is the difference, at each stage of production or the provisioning of a service, between the price of a product or service and all materials or activities paid for to produce the product or provide the service.

Learn new Accounting Terms

GRADUATED TAX see PROGRESSIVE TAX.

REVIEW is an accounting service providing some assurance to the Board of Directors and interested parties as to the reliability of financial data without the CPA conducting an examination in accordance with generally accepted accounting standards. The AICPA auditing standards board formulates review standards for public companies while the AICPA Accounting and Review Services Committee provides review standards for non-public businesses.

Suggest a Term

Enter Search Term

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