Financial Variance Analysis Report

A Financial Variance Analysis Report is an analysis report for possible financial variances.

• Example(s):
  • It can be produced by a Financial Variance Analysis Task.
  • …
• Counter-Example(s):
  • a Fraud Analysis Report.
  • a Budget Plan.
• See: Accounting Audit.

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References

2014

• https://www.mcgill.ca/financialservices/reporting/yearendvariances
  • QUOTE: Variance analysis reports help quantify and identify the difference in actual expenditures or revenues between fiscal years and quarters. In some cases, variance is calculated by comparing budget to actuals and in others the comparison is based solely on actuals.

• https://www.mcgill.ca/financialservices/files/financialservices/variance_analysis_how_to_1.pdf
  • QUOTE: … Review the report for all line-items identified in red as they represent variances of +/- $100,000. These are the line-items requiring further explanations. …

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