B/(W): Difference between revisions
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Better / (Worse). | Better / (Worse). | ||
A label in financial reporting to indicate whether positive differences are good news - also known as 'favourable', | A label and sign convention in financial reporting to indicate whether positive differences are good news - also known as 'favourable', in other words indicating that the number being compared is 'better' than the one it's being compared with. | ||
When the label is B/(W) the positive numbers are better than budget | When the label is B/(W) the positive numbers are better than budget, prior period or other comparative number. | ||
Under this convention, negative numbers are unfavourable, also known as 'adverse'. | Under this convention, negative numbers are unfavourable, also known as 'adverse'. | ||
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When the label is (B)/W the opposite applies - negative numbers would be better and favourable. | When the label is (B)/W the opposite applies - negative numbers would be better and favourable. | ||
Under (B)/W positive numbers are worse and adverse. | Under the (B)/W sign convention positive numbers are worse and adverse. | ||
Revision as of 17:02, 15 November 2015
Better / (Worse).
A label and sign convention in financial reporting to indicate whether positive differences are good news - also known as 'favourable', in other words indicating that the number being compared is 'better' than the one it's being compared with.
When the label is B/(W) the positive numbers are better than budget, prior period or other comparative number.
Under this convention, negative numbers are unfavourable, also known as 'adverse'.
When the label is (B)/W the opposite applies - negative numbers would be better and favourable.
Under the (B)/W sign convention positive numbers are worse and adverse.
