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Variance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Variance

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by AvatarJohn Moffat.
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  • January 8, 2021 at 5:15 pm #605292
    AvatarPriyanka19
    Participant
    • Topics: 32
    • Replies: 20
    • ☆☆

    Hello
    Can you please explain to me how operating statement works

    January 9, 2021 at 9:49 am #605335
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54838
    • ☆☆☆☆☆

    As I do explain in Chapters 9 and 26 of our free lecture notes (and the lectures that go with them), the operating statement (or management accounting profit statement) starts with the budgeted profit (or contribution), lists all the variances, so as to end up with the actual profit (or contribution).

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