What is a budget variance analysis?
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Works at Microsoft, Lives in Redmond. Graduated from University of Washington with a degree in Information Technology.
Variance analysis, first used in ancient Egypt, in budgeting or [management accounting] in general, is a tool of budgetary control by evaluation of performance by means of variances between budgeted amount, planned amount or standard amount and the actual amount incurred/sold.
2023-06-21 04:18:00
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Gabriel Wright
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Variance analysis, first used in ancient Egypt, in budgeting or [management accounting] in general, is a tool of budgetary control by evaluation of performance by means of variances between budgeted amount, planned amount or standard amount and the actual amount incurred/sold.