Abstract
Variance analysis is a means of comparing the firm’s performance over a period against the budget for that period. Its purpose is to highlight areas of poor performance, known as adverse variances, as well as highlighting areas of ‘good’ performance, known as favourable variances.
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© 1988 P. Stevens and B. Kriefman
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Stevens, P., Kriefman, B. (1988). Variance Analysis. In: Work Out Accounting ‘A’ Level. Macmillan Work Out Series. Palgrave, London. https://doi.org/10.1007/978-1-349-09807-1_17
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DOI: https://doi.org/10.1007/978-1-349-09807-1_17
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-45124-3
Online ISBN: 978-1-349-09807-1
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