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IENG 216

IENG 216. Variances. Budget Variances. Positive (favorable) Variances Negative (unfavorable) Variances. Deterministic Expenses Discretionary Expenses. Materiality of the Variance. Date: 12-07-98. Timeliness. Example. a. Develop a variance report by expense

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IENG 216

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  1. IENG 216 Variances

  2. Budget Variances

  3. Positive (favorable) Variances Negative (unfavorable) Variances

  4. Deterministic Expenses Discretionary Expenses

  5. Materiality of the Variance

  6. Date: 12-07-98 Timeliness

  7. Example a. Develop a variance report by expense b. Which expenses are important (Mngmt by exception)? c. Which variances are significant (materiality)?

  8. Example

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