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Le vendite annuali - Fun Run Enterprises

  • Note di Apprendimento
  • Revisione degli argomenti
    Tashika B.
    US
    Tashika B.

    Using variance analysis to assist in the understanding of accounting.

    BabaJide Martins F.
    TR
    BabaJide Martins F.

    A variance report is used to show the difference between budgeted and actual figures. In doing so this may reflect on the performance of the firm.

    Alice B.
    GQ
    Alice B.

    What is the difference between actual and budgeted figure in a business?

    Alice B.
    GQ
    Alice B.

    From the notes above, it is clear thet the variance analyses has its deffects aside from being beneficial to a business, that is showing the actual figures from the projected ones.

    Richard B.
    GH
    Richard B.

    Using variance analysis to assist in the understanding of accounting information. A variance report is used to show the difference between budgeted and actual figures. In doing so this may reflect on the performance of the firm. The variance report may be used for the cash budget, Profit and Loss statement and balance sheet. Management may seek to explain the reasons for the difference between the budgeted and actual report. There may be valid reasons for the differences that serve to excuse the person responsible for that particular area. These reasons should be offered. You should firstly indicate whether the actual figures are favourable or unfavourable when compared with the budgeted figures. A favourable result is when the result is better than expected by management. For instance, if cash sales are $40 000 in actual amount when they were expected to be only $35 000. It would be an unfavourable result if an expense is actually $2000 more than budgeted for. This does create some problems in reality. For instance, if the expense above was sales commission the business concerned may be quite happy if this expense was $2000 above budget as it may indicate that sales were also above budget. Budget variances may be linked to the responsibility given to a person or department and their performance compared with this budget. It may also be a means of control. For instance, the budget may include expenses and the business may be using the budget to set spending limits on those expenses.

    Hermina S.
    LC
    Hermina S.

    A variance report is used to show the difference between budgeted and actual figures. In doing so this may reflect on the performance of the firm. And can enhance control within the business.

    Morne V.
    ZA
    Morne V.

    The variance report may be used for the cash budget, Profit and Loss statement and balance sheet

    Morne V.
    ZA
    Morne V.

    The revenue that a company derives from the sale of its products in a year

    Sunday O.
    NG
    Sunday O.

    Enterprises business empire knowing how to run it is the men key

    Odongo M.
    UG
    Odongo M.

    Accounting -> Annual sales - Fun Run Enterprises Annual sales - Fun Run Enterprises Annual sales Fund Run Enterprises Using variance analysis to assist in the understanding of accounting information. A variance report is used to show the difference between budgeted and actual figures. In doing so this may reflect on the performance of the firm. The variance report may be used for the cash budget, Profit and Loss statement and balance sheet. Management may seek to explain the reasons for the difference between the budgeted and actual report. There may be valid reasons for the differences that serve to excuse the person responsible for that particular area. These reasons should be offered. You should firstly indicate whether the actual figures are favourable or unfavourable when compared with the budgeted figures. A favourable result is when the result is better than expected by management. For instance, if cash sales are $40 000 in actual amount when they were expected to be only $35 000. It would be an unfavourable result if an expense is actually $2000 more than budgeted for. This does create some problems in reality. For instance, if the expense above was sales commission the business concerned may be quite happy if this expense was $2000 above budget as it may indicate that sales were also above budget. Budget variances may be linked to the responsibility given to a person or department and their performance compared with this budget. It may also be a means of control. For instance, the budget may include expenses and the business may be using the budget to set spending limits on those expenses.

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