Share
Explore BrainMass

Effectively Investigating Budget Variance

A little help please...this is not an essay!! Answer and give brief explanation.

According to White (2012), the root cause of a budget variance should be investigated in a methodical manner. Critically discuss the basic steps for investigating a budget variance. (400 words)

Solution Preview

In providing guidance for this posting, the methodical manner and basic steps for investigating a budget variance would begin with a careful comparison of the variance data with the actual budget numbers. Although this may seem like a common sense step, it is one of the most fundamental and crucial steps that must be taken in investigating a budget variance, due to the fact that there must be a high level of accuracy in ascertaining that a variance does actually exist, and the actual magnitude of the overall given variance. This is a very important aspect of this step, due to the fact that making the determination as to the magnitude to which the ...

Solution Summary

This solution describes effectively investigating budget variance.

$2.19