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Variance Analysis

Excellent commerce point > Variance Analysis
Budget and Budgetary Control
13
Jun

Budget and Budgetary Control 1. Budgetary Control: It is the system of management control and accounting in which all the operations are forecasted and planned in advance to the: extent possible and the actual results compared with the forecasted and planned results. 2. Types of Budget: Capacity wise – Fixed Budget, Flexible Budget, Functions wise […]

Posted in: ca intermediate notes ,
Tags: Budget , Budget vs Actual , Budgetary Control , Budgeting Process , Business Budgeting. , ca foundation , cma foundation , Cost Control , Financial Planning , Fixed Budget , Flexible Budget , Management Accounting , Performance Budgeting , Types of Budgets , Variance Analysis ,
Standard Costing
10
Jun

Standard Costing Standard Costing:A technique which uses standards for costs and revenues for the purposes of control through variance analysis. Variance:A divergence from the pre-determined rates. Process of Standard Costing: Setting standards Ascertaining actual costs Compare standard cost and actual cost Investigate the reasons for variances Disposed-off the variance Types of Variance: Controllable variances: Those […]

Posted in: ca intermediate notes ,
Tags: Accounting Tools. , ca foundation , cma foundation , Commerce Coaching , Cost Accounting , Cost Control , ECP Coaching , Standard Costing , Standard Costing Techniques , Variance Analysis ,