| absorption costing |
Absorption costing is a method of product costing which allocates fixed costs of production to the cost of a product. |
|
| accident |
an unforeseen and unintended event or occurrence resulting in an
undesired consequence such as loss, damage and liability. |
|
| accountable |
liable to being called to account; answerable. |
|
| activity |
(Net asset turnover, total capital turnover, efficiency ratio)
Activity is the volume of sales generated on the net assets. It is the second value driver in the ValueDriver model.
[Activity = Sales/Closing net assets] |
|
| advice |
Any recommendation, guidance or proposal of a financial nature furnished, by any means or medium, to any client or group of clients:
- in respect of the purchase of any financial product or investment
- on the conclusion of any other transaction, including a loan or cession, aimed at the incurring of any liability or the acquisition of any right or benefit
- on the variation of any term or condition applying to a financial product |
|
| affordable growth |
(AG)
Affordable growth is the maximum feasible growth rate in sales and net assets at any target leverage when all other value drivers remain constant.
[AG = SG (1 – Closing debt/Capital )/( 1 – Target debt/Capital)] |
|
| amend |
to change |
|
| ascertain |
to make certain |
|
| assessment |
the act of appraisal; the valuation of property or damage to property |
|
| asset |
valuable item that is owned by an individual person or company. It
can include personal possessions, stocks cash, fixed property, vehicles and investments. |
|
| average |
this is a principle of insurance that has the effect of reducing a
claim payment where underinsurance has been shown. |
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