What are the risks and benefits of relying on variance, Accounting Basics

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What are the risks and benefits of relying on variance

1. What additional information, besides simply the variance, may be useful to the accountant in evaluating the variance? Why?

2. Do you think variance analysis is a useful tool to employ when presenting financial information to non-accounting personnel, like a companys CEO or its board? Why or why not?

3. What are the risks and benefits of relying on variance analysis to convey an entitys financial picture?

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Accounting Basics: What are the risks and benefits of relying on variance

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Accounting Basics: What are the risks and benefits of relying on variance

Reference No:- TGS0681692

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Electronics instead of making it themselves

Q : How much dividends can common shareholders receive

Q : Find the standard deviation for cost of a specific model

Q : Mean-standard deviation of the sampling distribution

Q : What are the risks and benefits of relying on variance

Q : Find the approximate doubling time for a population

Q : Modified slightly for the special order

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What are the risks and benefits of relying on variance

Reference No:- TGS0681692

Recent Questions Asked Accounting Basics

Q : Electronics instead of making it themselves

Q : How much dividends can common shareholders receive

Q : Find the standard deviation for cost of a specific model

Q : Mean-standard deviation of the sampling distribution

Q : What are the risks and benefits of relying on variance

Q : Find the approximate doubling time for a population

Q : Modified slightly for the special order

Q : How much of his inheritance must he invest

Q : Compute the budgeted cost

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