Variance reports are
A)external financial reports.
B)Revenue Canada tax reports.
C)internal reports for management.
D)all of these.

Question

Quizplus · Accepted Answer

Variance reports are internal reports for management. These reports are used to compare actual results to budgeted or expected results and identify any discrepancies or variances. They are important for managers to make informed decisions and take corrective actions if necessary. They are not external financial reports or Revenue Canada tax reports.

Variance Reports Are