Variances
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Revision as of 15:46, 19 August 2010 by Markus Berger-Vogel (talk | contribs) (→IGC-DEFINITION (abbreviated))
IGC-DEFINITION (abbreviated)
Variances
A variance is a difference between a planned or a budgeted value and an actual value. Variances give managers the opportunity to consider possible corrective actions and to implement them. The causes of a variance from the planned or budgeted figures are ascertained by means of a
→variance analysis.
from: IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)
