Documents related to 'variance report'
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Project reportMost businesses have a number of projects in progress at any time. When any project is large or important enough to have a major effect on the business's performance (profit or cash), there should be a separate report presented with the ... Read more
02 Jan 2013
Indexing management accountsNearly the entire focus of management accounts is performance against budget and looking at the reasons for variances. However, comparisons with how you were doing this time last year, i.e. "growth", are also critical. Addin... Read more
02 Jan 2013
Bank charges calculatorAs you don't get a bill from the bank manager for bank charges, they are often overlooked as a cost. What can you do to make sure you pay less?Carry out an annual bank charges audit You can carry out an annual bank charges aud... Read more
10 Dec 2012
Scenario planning templatePredicting the future is never easy, and that's particularly the case when developing business plans. Budgets can become outdated or even an impediment to financial decision-making. How can you rise above this problem?Key var... Read more
10 Dec 2012
Sales mix calculatorWhether your company sells products or provides services, your sales are unlikely to be comprised of a single line. It's more likely that the company sells a range of products or services and it's equally likely that the gross profi... Read more
02 Jan 2013
Business plan budget workbookFinancial planning for a new business is critical but it's often overlooked because the owners/directors can be overly engaged with trying to drive sales. So your involvement in building up a budget for the business plan ca... Read more
10 Dec 2012
IRR and NPV workbookIRR (internal rate of return) and NPV (net present value) are discounted cash flow approaches and are widely used for investment appraisal. Whilst they are based on the same ingredients, the results differ, so you'll need a methodo... Read more
02 Jan 2013
Evaluating the finance functionIf you've been asked to justify the number of staff in your accounts department and want to understand how much value they're adding, you'll need to record the time spent by your team on the different finance functions and... Read more
02 Jan 2013
Closure reportFrom time to time, businesses choose to close down an office, branch, depot, or separate business (such as a subsidiary or associated company). Closures must be monitored to ensure they are effectively completed and that progress is bei... Read more
02 Jan 2013
Target costing templateIn tough times, calculating your prices by adding a profit margin to cost can result in your products becoming uncompetitive. However, you might be able to beat your competition by using target costing to help set prices. What ... Read more
10 Dec 2012
