Financial Performance - Variances, please help!!

AAT1989

Hi All

I am struggling like mad to remember any way of calculating variances for the Financial Performance unit - can anyone help? Has anyone got any clever way of remembering how to calculate them?

Thanks in advance!

AAT1989

Thank you so much! To be honest, I'm struggling with them all - I just can't seem to get it into my head how to calulate them :-(

AAT1989

Yes that really helps, it actualy makes sense of what I'm trying to calculate! Thanks so much :-)

onwards

This may be a simple tip but it helped me out.
don't get caught it in remembering all the formula's inside out, take a step back and think logically i.e. how much should something have cost compared to how much it did cost, is the result good or bad.