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How do you define the term variance analysis?

Cost Accounting Financial Analysis
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Question added by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University
Date Posted: 2015/04/27
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Tarek Mohammed Hamed
by Tarek Mohammed Hamed , Financial Manager , SABA Medical Company (Saba Polyclinics and Pharmacies)

Variance analysis is quantitative investigation of the difference between actual and budget this analysis used as a control tool.

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