Budget-to-Actuals Variance Report

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A Budget-to-Actuals Variance Report is a variance report with budget/actual variances (between planned financial outcomes and actual financial outcomes).



References

2015

  • http://www.leoisaac.com/budget/bud025.htm
    • QUOTE: The purpose of a "Variance Report" as shown below is to identify differences between the planned financial outcomes (the Budget) and the actual financial outcomes (The Actual). The difference between Budget and Actual is called the 'Variance". The Variance is depicted below in dollar ($) and percent (%) terms. Calculating the variance in percent (%) is useful as it gives the relative size of the variance. When calculating the Variance in percent (%) - divide the Variance in dollars ($) by the Budget (and not by the Actual).

2014