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July 10, 2020 at 4:41 pm
hello John ,thanks for the great lectures,however, i can see in the Acca syllabus about “reconcile budgeted profit with actual profit” .i cannot find this in the lectures . isn’t it something examinable?
John Moffat says
July 11, 2020 at 8:44 am
I show in the very first lecture on variances how the variances explain the difference between the actual profit and the budgeted profit. This is what is meant by reconciling the two.
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