Topical Terminology  

       

Topical Terminology > Value For Money



1 Definition

Value For Money

For Value For Money we have a term and definition in Accounting.



Value For Money (Accounting)

is in the perception of the buyer or receiver of goods and/or services. Proof of good value for money is in believing or concluding that the goods/services received was worth the price paid. Examples of the types of factors that may be considered are suitabilityqualityskillspricewhole of life costs and other criteria. The mix of these and other factors and the relevant importance of each will vary on a case by case basis.




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