Net Realizable Value - NRV
- Net Realizable Value - NRV
- The value of an asset that can be realized by a company or entity upon the sale of the asset, less a reasonable prediction of the costs associated with either the eventual sale or the disposal of the asset in question.
Net realizable value is a commonly used method of evaluating an asset's worth in the field of inventory accounting. NRV is part of GAAP rules that apply to valuing inventory, so as to not overstate or understate the value of inventory goods.
Investment dictionary.
Academic.
2012.
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Net realizable value — (NRV) is a method of evaluating an asset s worth when held in inventory, in the field of accounting. NRV is part of the Generally Accepted Accounting Principles and International Financial Reporting Standards (IFRS) that apply to valuing… … Wikipedia
net realizable value — ➔ value1 * * * net realizable value UK US (UK also net realisable value) noun [C or U] (ABBREVIATION NRV) ACCOUNTING, FINANCE ► the value of an asset if it were sold, after all the costs of selling it have been p … Financial and business terms
net realizable value — NRV 1) The sales value of the stock of an organization less the additional costs likely to be incurred in getting the stocks into the hands of the customer. It is the value placed on the closing stock according to the requirements of Statement of … Accounting dictionary
net realizable value — NRV 1) The sales value of the stock of an organization less the additional costs likely to be incurred in getting the stocks into the hands of the customer. It is the value placed on the closing stock according to the requirements of Statement of … Big dictionary of business and management
net realizable value — NRV 1. The expected sales *price of an *asset or item of inventory after the deduction of relevant selling, distribution, and other incidental expenses. 2. The expected recoverable value of *accounts receivable balances. The NRV of accounts… … Auditor's dictionary
NRV — UK US noun [C or U] ► ACCOUNTING WRITTEN ABBREVIATION for NET REALIZABLE VALUE(Cf. ↑net realizable value) … Financial and business terms
NRV — may stand for: New Revised Version (or New Revised Standard Version), an edition of the Christian Bible. Nintendo Revolution, an early codename for Nintendo s Wii New River Valley, a region located in the Eastern United States. Net Realizable… … Wikipedia
NRV — Abbreviation for net realizable value … Accounting dictionary
NRV — Abbreviation for net realizable value … Big dictionary of business and management
NRV — abbrev Net realizable value … Useful english dictionary
