Hey... (1 Viewer)

[Seraph]

What is the difference between a Variance Report and a Balance Sheet?

the Variance shows , Payments and liabilities ,

so really it shows debts owed to the bs , and debts that the bs needs to pay

and doesnt the balance sheet show this too?

 

[perfectionist]

Never heard of such thing as "Variance Report" ...do u mean "Revenue Statement"??

 

[Seraph]

Its like a budget or a cash flow statement

 

[M@C D@DDY]

balnce sheet has assets and liabilities and owner's equity cash flow statements show expenses revenue profits....

 

[= Jennifer =]

well i googled and i found this on variance reports: http://www.stemnet.nf.ca/~kcombden/Reportspdf/variance.pdf
it is an example of one but i have never come across it ever i looked in all my books and no mention of it

 

[truly-in-bliss]

there is no variance report in the syllabus and thatz lyk the bible of hsc biz...

 

[*hopeful*]

i think i saw sumthing like a variance report in the old biz studies textbooks but not recently so dont even worry bout it

 

[ameh]

variance ; the diff between planned costs n actual costs...

 

[marko]

i agree, the statements that you should be familiar with are:

*Revenue Statement (Profit/Loss)
*Balance Sheets
*Cash Flow Statements

 

[jay9nine]

its not in the syllabus
therefore it wont be on the hsc
therefore it shouldnt be of any concern

THAT SIMPLE
KEEP SMILING

 

[santaslayer]

yea.....dont worry.....probably in the old syllabus of the ext 1 biz course......lol