cost of conformance
money spent on quality requirements the costs of achieving specific quality standards for a product or service.
There are many potential solutions that could provide companies with more of an incentive to adopt IFRS. If the US Treasury Department were to eliminate the conformity rule, this would allow companies to continue using LIFO for tax-reporting purposes, and use FIFO or weighted average cost for IFRS
By William C. White IV
Amortization is a method of recovering (deducting or writing off) the capital costs of intangible assets over a fixed period of time. Its calculation is virtually identical to the straight-line method of depreciation.
The PSD required banks to make considerable and costly changes to their processes and procedures in order to conform to the requirements of the directive. However, it also brought opportunities, particularly for national players to move into pan-European and EEA markets, without having to establish
By Björn Flismark
All three approaches, financial modeling, operations research, and decision analysis, conform to the principle that the correct basis for prioritization in budgeting, the one that ensures that the best value is obtained for the available resource, is risk-adjusted benefit divided by cost.
By Lawrence Phillips
Definitions of ’cost of conformance’ and meaning of ’cost of conformance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’cost of conformance’ and other financial terms with our online QFINANCE Financial Dictionary.