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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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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

    i find your coaching very helpfull. please accept my atmost sense of appreciaciation of you goog work. iam studying bachelor of business administration with a local university.
    thank very much.

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

    THIS IS REALLY GOOD. I HAVE MANY PROBLEMS BEFORE BUT I SOLVE EASLIY WITH IT. I AM DOING A-LEVEL.
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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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