Valuation and Allocation refer to the processes of determining the monetary worth of an asset or liability and distributing costs or revenues to appropriate accounts, respectively. In accounting, the allocation definition involves assigning costs or revenues to specific periods or departments to ensure accurate financial reporting. These practices are crucial for presenting a true and fair view of an entity’s financial position.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
