What is ‘Value Reporting Form’
An insurance form that is used to provide the variable coverage amounts needed by commercial businesses that carry irregular inventories throughout the year. The value reporting form is used to report inventory values periodically to the insurance company, which in turn adjusts the amount of coverage to reflect current merchandise values. Using a value reporting form can help businesses avoid being over or underinsured.
Explaining ‘Value Reporting Form’
Some commercial businesses have inventories that vary greatly throughout the year depending on supply and demand, seasonal factors and consumer needs. These businesses can maintain a more appropriate level of coverage by adjusting each month’s or each quarter’s insurance needs based on current inventories. The value reporting form is used to reflect the dynamic inventory values.
Further Reading
- On the use of the economic concept of human capital in financial statements – www.jstor.org [PDF]
- Trends in park tourism: Economics, finance and management – www.tandfonline.com [PDF]
- Social, environmental and sustainability reporting and organisational value creation? – www.emerald.com [PDF]
- Did fair-value accounting contribute to the financial crisis? – www.aeaweb.org [PDF]
- Why Marx's labour theory is superior to the marginalist theory of value: the case from modern financial reporting – www.sciencedirect.com [PDF]
- The blended value proposition: Integrating social and financial returns – journals.sagepub.com [PDF]
- The Private Finance Initiative in the UK: A value for money and economic analysis – www.tandfonline.com [PDF]
- Trading off between value creation and value appropriation: The financial implications of shifts in strategic emphasis – journals.sagepub.com [PDF]
- The decision usefulness of fair value accounting–a theoretical perspective – www.tandfonline.com [PDF]
- The'incomplete revelation hypothesis' and financial reporting – papers.ssrn.com [PDF]
