variance analysis

Description When variances are investigated, a substantial amount of information can be generated which is often discarded once managers have explained the variance to superiors. This paper argues that discarding such information is wasteful for problem solving. Evidence from two empirical...

Description A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or...