What is a budget variance?

Author:
Harold Averkamp, CPA, MBA

A budget variance results when an actual amount is different from a planned or budgeted amount.

A budget variance can occur for revenues and for expenses.

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About the Author

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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