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August 31, 2009

What is a budget variance?

A budget variance results when an actual amount is different from a planned or budgeted amount.

A budget variance can occur for revenues and for expenses.

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About the Author: Harold Averkamp (CPA) has worked as an accountant, consultant, and university accounting instructor for more than 25 years.

He is the author of the 2010 Master Accounting Download Package which has been praised for it's ability to simplify accounting in a way that anybody can understand.



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Comments

14 Responses to “What is a budget variance?”

  1. Noheed on September 2nd, 2009 10:06 pm

    The difference between the actual amount and budgeted amount.
    If the budgeted amount is greater then the actual amount then it is favorable

  2. Sabash on September 3rd, 2009 8:37 am

    thank you for your detail answer

  3. Sabash on September 3rd, 2009 8:40 am

    Please, can I get scolarship to learn ACCA on line?

  4. Samuel C. Parker on September 4th, 2009 2:36 pm

    Thank you for the answers, it has just made my work easier. Actually, we’re presently discussing our instituition’s 2009 budget.

    Parker

  5. mostafa on September 5th, 2009 1:58 am

    can iget ascholarship in accounting?
    thank you.

  6. mbuhvincent on September 6th, 2009 12:11 pm

    thank you for the answers. it is really helping me in my job. How can i get scholarship to carry on ACCA online?

  7. Mamuda on September 8th, 2009 4:39 am

    A budget variance it is the slithness changes between the bubgeted amount and the diference changes involve in an activities in a given periot of time.

  8. humphrey tembo on September 12th, 2009 2:44 am

    Thanks for the comprhensive answer. How can I get a scholarship to study ACCA online?

  9. UDDIN on September 19th, 2009 9:58 am

    It is a comparative study of showing the position of specific periodic actual expenditure incurred / actual income earned with the fixed budgeted amount for a specific period of time.

  10. UDDIN on September 19th, 2009 10:07 am

    Any body will give me the solution on Journal entry for

    • Furniture procure for the amount of Taka 20,000/- and payment is made by bank cheque. After one week later the supplier inform that the said cheque of Tk.20,000/- is not honor by bank.
    My mailing address : uddin_kafil@yahoo.com

  11. Gcebile on September 24th, 2009 1:55 am

    can you help me study ACCA

  12. julius on October 8th, 2009 8:01 am

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  13. ALI on October 17th, 2009 6:50 am

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  14. Eric on October 28th, 2009 1:12 pm

    Im trying to make heads or tails over a report im reviewing

    Can a flexible budget variance be larger than its static budget variance?

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