The implication is clear. The variance between the final budget and actual amounts is more significant than
Question:
The implication is clear. The variance between the final budget and actual amounts is more significant than that between the original and final budget amounts. What is the rationale for giving priority to the variance between the final budget and actual amounts? Can you make a case that the variance between the original budget and actual amounts is no less important?
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A key purpose of financial reports per Concept Statement No 1 Objectives of Financial Reporting para ...View the full answer
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Related Book For 
Government And Not For Profit Accounting Concepts And Practices
ISBN: 9781119803898
9th Edition
Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese
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