Benefits and limitations of variance analysis in management accounting / Marzlin Marzuki ... [et al.]

Marzuki, Marzlin and Abdul Rahim, Noraini and Ismail, Jurina (2019) Benefits and limitations of variance analysis in management accounting / Marzlin Marzuki ... [et al.]. In: ACCOUNTING BULLETIN : Faculty of Accountancy UiTM Kedah 2019. Faculty of Accountancy, UiTM Kedah, UiTM Cawangan Kedah, pp. 15-16. ISBN 2637-0646

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Abstract

Adequate planning, monitoring and controlling of various activities in meeting organization objectives and goals are essential. One of the tools that could be used by management to monitor and control all activities at the operational level is by applying variance analysis. Referring to CIMA Official Terminology 2005, variance is the evaluation of performance by means of variances, whose timely reporting should maximise the opportunity for managerial action (Edwards-Nutton & Technical Information Services, 2008). In other words, variance analysis is the difference between the actual and budgeted data.

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Item Type: Book Section
Creators:
Creators
Email
Marzuki, Marzlin
marzlinm@kedah.uitm.edu.my
Abdul Rahim, Noraini
UNSPECIFIED
Ismail, Jurina
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Banking > Accounting. Bookkeeping
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HJ Public Finance > Public accounting. Auditing
Divisions: Universiti Teknologi MARA, Kedah > Sg Petani Campus
Volume: 2
Page Range: pp. 15-16
Item ID: 47566
Uncontrolled Keywords: variance; investigated; interpreted
URI: https://ir.uitm.edu.my/id/eprint/47566

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47566

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