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Erschienen in:
2021 | OriginalPaper | Buchkapitel
6. Variance Analysis and Control
verfasst von : Peter Schuster, Mareike Heinemann, Peter Cleary
Erschienen in: Management Accounting
Verlag: Springer International Publishing
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Abstract
Control is a specific management function that follows planning, decision-making and execution. To fulfil this function, certain budgetary measures are compared with actual measures and the resulting difference is denoted as a variance.
Firstly, variances can be analysed according to their controllability. Uncontrollable variances arise from unpredictable random events; and are influenced by the fact that within an organisation, the result of any activity depends on environmental developments. Typical examples include external occurrences (e.g. economic crises or interest rate increases), intercompany occurrences (e.g. unexpected competition or inroads into the market) and inner-company occurrences (e.g. machine failure, loss of important workers or human error). Generally, controllable variances are avoidable variances and consequently receive most of management’s limited attention.