Budget Management Analysis
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- compare several expense results with budget expectations and describe possible reason for variances and strategies to keep results aligned with expectations
-describe benchmarking techniques that support avoidance of budget variances and justifies choices of techniques for this purpose.
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Can someone with a background in finance please help me with this??
- compare several expense results with budget expectations and describe possible reason for variances and strategies to keep results aligned with expectations
The comparison of expense results with budgeted expectations:
Salaries: Expenses 68,000 Budget 45,000; Variance 23,000;
Utilities: Expenses 5,800 Budget 4,500; Variance 1,800
Advertising: Expenses 8.500 Budget 9,000; Variance ( 500)
Telephone: Expenses 2,500 Budget 2,100; Variance 400
Travel & Entertainment: 3,000 Budget 3,500; Variance 500
Repairs & Maintenance: 1,300 Budget 1,000; Variance 300;
-describe benchmarking techniques that support avoidance of budget variances ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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