revaluation

Vocabulary Word

Definition

Revaluation involves reassessing the value or importance of something. Think of it like reappraising a house: you're checking whether the value has changed.

Examples in Different Contexts

In social impact organizations, 'revaluation' is key. A program director might declare, 'Objective revaluation of our initiatives is pivotal for gauging their true impact, optimizing resource allocation, and enhancing the effectiveness of our interventions.'

Practice Scenarios

Accounting

Scenario:

Given the age of some of our machinery, a depreciation review might be wise. I suggest looking at widely accepted accounting practices for guidance.

Response:

I'll start the process for a revaluation of our oldest machinery and evaluate the potential depreciation adjustments.

Economics

Scenario:

The latest economic policies have significantly impacted foreign exchange rates. We should assess the implications for currency holders.

Response:

We need to analyse these policies in detail to interpret the effects of revaluation on our currency portfolio.