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How the variance analysis or ratio analysis will be useful in comparison with other entities if their is a difference of size having a same industry?

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Question ajoutée par Umair Javed , Deputy Manager Accounts & payables , Fazal Group Of Companies
Date de publication: 2015/12/14
MUHAMMAD ZULFIQAR
par MUHAMMAD ZULFIQAR , Accounts Officer , Eksoy Pakistan (Pvt) Ltd

Variances are the difference between the amounts budgeted and the amounts actually incurred 

KHALED ALY HASSAN GAMIL
par KHALED ALY HASSAN GAMIL , Accountant , Mohamed Abd El- Raouf office

Variance Analysis is the basis of any performance evaluation system using a budget .

Variances are the difference between the amounts budgeted and the amounts actually incurred .

standard costs are budgeted costs established to improve productivity and efficiency and these standard costs can be compared to Par in golf course , so actual costs of entities which show the actual performance of these entities compared to a standard or budgeted costs for the same industry , so Variance analysis is useful for making comparisons between entities performances in the same industry 

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