A favorable variance is a state in which the revenue of something goes beyond its budget. When a variance is unfavorable, the revenue made is less than the budget. More »

Budget variance is calculated using variance analysis to compare planned, or budgeted, amounts to actual amounts. Variance analysis is a quantitative examination of the differences between budgeted and actual amounts, ac... More »

Make a budget analysis by calculating variances, determining if the variances are favorable or unfavorable and then analyzing the variances. These steps help organizations better understand their financial positions. More »

Managerial accountants use variance analysis to explain deviations from budgeted performance, explains Accounting-Simplified.com. Budget variances can have several possible root causes. Variance analysis isolates the act... More »

www.reference.com Business & Finance Business Resources Accounting

According to About.com, sales can account for a part or the whole of a company's revenue. Revenue is the amount of money that a company earns from its primary activities. If a company's primary activity is sales, such as... More »

An example of an accounting journal entry is performing a debit to cash for $100 and a credit to sales revenue for $100. The increase in an asset is reflected with the debit, while the increase in sales is reflected with... More »

www.reference.com Business & Finance Business Resources Accounting

Deferred revenue is a current liability because the revenue is not yet earned even though products or services are due to a customer, according to Investopedia. Examples of deferred revenue are software license fees, mai... More »

www.reference.com Business & Finance Business Resources Accounting