Variances
From ControllingWiki
Revision as of 10:34, 26 August 2010 by Markus Berger-Vogel (talk | contribs) (→IGC-DEFINITION (abbreviated))
IGC-DEFINITION (abbreviated)
Variances / Abweichungen
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.)