Variance analysis (accounting)

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variance analysis, in budgeting (or management accounting in general), is a tool of budgetary control by evaluation of performance by means of variances between budgeted, planned or standard amount and the actual amount incurred/sold. Variance analysis can be carried for both costs and revenues.

[edit] See also

• Budgeting in Non-profit organization
• Standard budget
• Flexible budget
• Rolling budget
• Activity-based budgeting (ABB)
• Controllable items
• Non-controllable items
• Standards
• Assumptions
• Motivation
• Performance evaluation

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