Definition: A difference between the number of units used/sold and the number of units that were anticipated to be used/sold is known as a quantity variance. Hence, the sales quantity variance assesses the increase or decrease in budgeted profit occurring due to a variation between the actual and budgeted number of units sold. Formula: There …
Sales Quantity Variance: Definition, Formula, Explanation, And Example Read More »
Definition: Variance analysis is an important aspect of cost and management accounting systems. It compares the budgeted/standard costs or revenue to the actual costs incurred or revenue earned. Variance analysis is more on cost or management accounting rather than financial accounting. It is generally served management for their performance management, especially in cost management, labor …
What is Variance Analysis? Definition, Explanation, 4 Types of Variances Read More »
The fintech or financial technologies sector is one of the fastest-growing sectors in the world. Numerous investors are betting increasingly on innovative start-ups in this sector. In this article, the titles of ten books on fundamental fintech are gathered to understand the sector better. 1) Bank 3.0: Why Banking Is No Longer Somewhere You Go …
10 Best Books About Fintech – Recommended by Readers Read More »
