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Do you think variance analysis is a useful tool to employ

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Reference no: EM13585191

1. What additional information, besides simply the variance, may be useful to the accountant in evaluating the variance? Why?

2. Do you think variance analysis is a useful tool to employ when presenting financial information to non-accounting personnel, like a company's CEO or its board? Why or why not?

3. What are the risks and benefits of relying on variance analysis to convey an entity's financial picture?

Reference no: EM13585191

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