In reporting, a variance can best be described as????
A) Correct information in the proper form
B) A method for providing information on time
C) A difference from a planned amount
D) None of the above

Question

Quizplus · Accepted Answer

A variance in reporting refers to the deviation or difference from a planned, budgeted, or standard amount. This can relate to budgets, costs, revenues, or other financial metrics where actual results are compared against planned or expected results.

In Reporting, a Variance Can Best Be Described As