Backward variances

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
This posting is taken from an earlier response to the same question by Susan Harper, Examinations Manager at the AAT.<BR><BR>'Backward variances' is not a technical accounting term. It means simply the process of working backwards from a given variance to an unknown budget or actual figure, rather than, as normal, calculating an unknown variance from given budget and actual figures. This is sometimes used as a teaching method so some of you will have done it, but not under this name.<BR><BR>I hope this helps you.<BR><BR>Regards<BR><BR>Malcolm St Pierre

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