Variance Analysis Process in Management Accounting

Variance Analysis Process
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Variance Analysis Process
In real life, there is always some difference between forecasted results and actual results. It is rare for one to receive the precise results that they forecasted especially when it comes to budgeting. The variance analysis process is simply the process of closely analyzing the difference between the forecasted and actual results with a focus on identifying what caused the difference. In my future career in management accounting, there are seve...