Variance analysis

1.

The process of analysing and explaining differences between actual figures and forecast or budgeted figures.

2.

More broadly, the analysis of differences between any two or more sets of related figures.

Also known as 'comparative analysis' or reconciliation.

See also

• Accountability
• Accounting records
• Adverse
• Audit trail
• Budget
• B/(W)
• Favourable
• Reconciliation
• Sign convention
• Stewardship
• Variance