Definition

Budget Variance

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Budget Variance can be defined as the difference between the budgeted amount and the actual amount of revenues or expenses. Budget variance is seen as favourable when the actual value is greater than the budgeted value. It occurs due to weak assumptions or due to the occurrence of uncontrollable events.

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Value Fund

What is a value fund? A value fund is a type of mutual fund that aims to invest in fundamentally strong stocks but are undervalued. The fund managers’ in......
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