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variance analysis
This term is a specialized technical expression used primarily in corporate accounting, financial management, and project auditing. It carries a neutral, analytical tone and is typically found in formal business reports, budget reviews, and executive summaries. The focus is on accountability and corrective action rather than simple observation.
In a professional setting, this process is often categorized into specific types, such as price variance or efficiency variance. It is distinct from general data analysis because it specifically requires a pre-established baseline or budget to function as a point of comparison.
Meanings
Examples
The finance team performs a monthly variance analysis to track spending.
We need to conduct a thorough variance analysis to understand why we are over budget.
I wonder if the variance analysis will reveal the cause of the revenue drop.
Please include a detailed variance analysis in the quarterly report.
The variance analysis shows a significant discrepancy in labor costs.
The variance analysis shows a significant discrepancy in labor costs.
Let us look at the variance analysis before the board meeting starts.
A proper variance analysis helps managers make informed adjustments to the budget.
Why is the variance analysis for the marketing department so inconsistent?
Why is the variance analysis for the marketing department so inconsistent?