Which one of these terms refers to a report that documents and explains when a unit deviates from the approved budget?

Question

Quizplus · Accepted Answer

A variance report tracks the difference between the planned or expected results and the actual results. In this case, it would document and explain instances when a unit deviates from the approved budget. Monthly reports, budget reports, and cost centre reports may include information about deviations from the budget, but they do not specifically focus on documenting and explaining those deviations.

Which One of These Terms Refers to a Report That