Small Business Accounting

What are Written Down Values?

By

Chris Andreou

What are Written Down Values? guide

Contents

Written-down value, otherwise known as the book value or net book value is the value of an asset after accounting for depreciation or amortisation. It represents the present worth of an asset from an accounting perspective.

What are Written Down Values?

Written down values (WDV) are values that are written down and documented by a business or organisation. These values are often referred to as the ‘core values’ of an organisation and are used to inform the decisions and behaviours of those within the organisation. Written down values are important for businesses and organisations of all sizes, as they help to define the culture, mission, and goals of the organisation.

For businesses and organisations that are just starting out, it is important to have a clear set of written down values. These values will act as a guide for the decisions and behaviours of those within the organisation, and will help to ensure that everyone is working towards the same goals. By having a clear set of written down values, organisations can ensure that their employees are working towards the same objectives and that the organisation is on track to achieving its goals.

One of the most important aspects of written down values is that they should be communicated to everyone within the organisation. This means that everyone should be aware of the values and be able to refer to them when making decisions or taking action. This will ensure that everyone is working towards the same objectives and that the organisation is able to achieve its goals.

When setting up a business or organisation, it is important to consider the values that will be written down. These values should be based on the mission and goals of the organisation, and should be communicated to all employees. It is also important to ensure that the values are regularly reviewed and updated to ensure that they are still relevant to the organisation.

Once the written down values have been established, it is important to ensure that they are communicated to all employees. This can be done through regular meetings, emails, or other forms of communication. It is also important to ensure that the values are regularly reviewed and updated to ensure that they are still relevant to the organisation.

Written down values are an important part of setting up a business or organisation. They provide a guide for the decisions and behaviours of those within the organisation, and help to ensure that everyone is working towards the same goals. By having a clear set of written down values, organisations can ensure that their employees are working towards the same objectives and that the organisation is on track to achieving its goals.

<p>Written-down value, otherwise known as the book value or net book value is the value of an asset after accounting for depreciation or amortisation. It represents the present worth of an asset from an accounting perspective.</p>

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