Budgeting and profit variance analysis using a financial planning language |
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| Affiliation: | 1. UMR ECOSYS, INRA, AgroParisTech, Université Paris-Saclay, 78850 Thiverval-Grignon, France;2. INRAP, UMR 5140 INRAP-AgroParisTech Archéologie des sociétés méditerranéennes, 78850 Thiverval-Grignon, France;3. EDYTEM, UMR 5204, Université Savoie Mont Blanc, CNRS, bat. Pôle Montagne, 73376 Le Bourget du Lac, France;1. State Key Laboratory of Soil Erosion and Dryland Farming on the Loess Plateau, Northwest A&F University, Yangling, Shaanxi Province 712100, PR China;2. Institute of Soil and Water Conservation, Northwest A&F University, Yangling, Shaanxi Province 712100, PR China |
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| Abstract: | This note describes an alternative to typical budgeting and variance analysis exercises. As a term project, students use financial planning software to prepare budgets and then use “what-if” techniques to facilitate profit variance analysis. The method enhances understanding of the relationships among budgets, eliminates formula-driven variance analysis, and elucidates the relationship between budgeting and variance analysis. |
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