Which financial management function can be described as the process of determining the nature of any discrepancies between the actual and projected figures that were documented in the budget?

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Variance analysis, one of components of total budget analysis, is the process of determining the nature of any discrepancies between the actual and projected figures that were documented in the budget. For example, when a nurse manager discovers that actual nursing salaries exceed the projected nursing salaries, the nurse manager will explore reasons that have possibly led to this difference, or variance, and then take appropriate corrective action(s). The purpose of variance analysis is to contain costs and to remain within budget.

Which Financial Management Function Can Be Described as the Process