Variance analysis is an accounting term used in budgeting or management accounting in general. It is a tool of budgetary control by evaluation of performance by means of variances between budgeted amount, planned amount or standard amount and the actual amount incurred/sold. Variance analysis can be carried for both costs and revenues.
Variance analysis (in the real world and in my own dictionary) is the evaluation of how actual events played out as against planned events.
I will illustrate with an example
PLANNED EVENTS
Date: May 29th 2008
Venues: Home in Mafoluku, The Place in Ikeja GRA, Ada k’ ibe ya (Isi-ewu joint in Ajao Estate), Kusimo Street, Surulere (Roasted Fish Joint), Nwanyi Ibuzor (Local joint near my house)
Activities: Visit all the joints mentioned above pre-arranged by friends and call other friends who live around the joints to join me there for a celebration
ACTUAL EVENTS
Date: May 29th 2008
Venues: Home in Mafoluku, Office in Victoria Island,
Activities: Left home by 8 am for office (..and it was supposed to be a public holiday), work till 6pm, receive a bad evaluation, received no birthday gifts (well apart from Chweety of course)
Going from the above parameters, and using my own definition of Variance analysis; this was by far the worst birthday I have had in ages.
Thank you Chweety for making it memorable and for those who forgot to wish me happy birthday, I will get y’all.
But heyy….looking on the bright side, it saved me money
25 comments:
ike d new look.
And u welcome luv. Sorry u here but thank God for life.
I First and second.....so coollllll!!!!! my first sentence is suppose to av an L.
kai....I am second....Nikki didnt even read it sef...
hmmm
nikki beat me to it!
why na?
Ibo dude,
Are u sure u were not happy that ur money stayed in ur pocket? this party cannot be CARRIED-OVER. ok?
Afrooooooooo
aaaaaaw....sowweeee dearie soweeeeeee.....na work...post-birthday celebrations are accepted o(wink)
hahahahahha...I beat darkelcee....
Hey, I dont see any mention of me in here oh...I AT LEAST SENT A BIRTHDAY MSG...:)
Does this new layout mean you are fully back to blogging abi u just dey tantalize us?
eeyah...
happy birthday sha...but you too when u did not tell us that Nkan was sele-ing, how where we to know?
ur present is in the mail.
U sef na wa oo.So u do birthday u no tell me .I go retaliate...we come chop for ur house at the least . Tank God for Chweety!
chweety d male, your birthday was a show of one more year on this life earth; i was dere too you know at work, in my mind i was following you to d joints and all but somehow u neva show, anyways no qualms, we go still celeb d chweeties day, in full regalia of course and komole till we drop.
ikwe abi no be so?....
happy birthdayyyyy! does this count? as in better late than never,u shd hire me to deal with those who didnt send a msg.
love the new layout.
-nikkisab....thanks once again
-afrobabe....hehehe, how u take know. thanks for the birthday wishes.u remember me atleast
-darkelcee...i must confess, i was happy oo
-onome...the party still dey come.thanks for the birthday wishes too.
-catwalq.....i am still waiting for it ooo
-BB...no be so oo, i think say u go remember
-adoo...yes oooo
-FQ...thanks, i would forward their names and number immediately
Happy belated birthday, i didnt c the meno o, biko nor vex.
abeg carry d bafday parry over, i wan shop rice, lol!!!
May God grant U ur heart desires-AMEN
*njoy ur w'end!!!
Im taking accounting right now, so when I saw the first few words, it made my head hurt!LOL
Awwww...Happy Belated Birthday!!!
4happy belated birthday dear. i remember saying happy birthday so u wont get me, will u? lol. take care, and hope ur dreams come true. hugs.
ahwwwwwwwwww Happy Belated Birthday
u forgot to remind us..........
u are a bloddy cheapskate.............lol
happy belated buffday!!!!!!!!!!
hey... sorry i forgot ur birthday.... a little for happy birthday yea... but hey, better late that never aye? happy birthday,n i hope u had agreat day and i pray that u'll always be the answer to someones prayers....
Lol
I HATE VARIANCE ANALYSIS!
Pele o! No gifts? I know how annoying that can be
Just passd by to tell you that i was out, thats y i missed your birthday. I always remember people's buffdays. Ask all of them. And i remembered yours.
Happy birthday. I should've said this b4 leaving. Kai...foolish me..
How you doing babes?
happy belated b'day bro...been out of blogville for a while, but im back now... enjoy
pele ehn,neva even knew ur birthday...kusimo street no far frm my place oo so u lyk peper soup...lol...longtime,I probably should have played u a chess match on ur birthday n mate u with a fools mate...lol....safe!
yikes! guess I'm one of those who 'forgot' to wish u a happy birthday... but bros u no tell us now. lol.
Abeg update ur blog!
Happy Birthday
Happy late birthday!!
just looking for ya vote http://www.blogvilleidol08.blogspot.com/ vote for TEARS! and if i suck pls feel free still vote!!! :D
Post a Comment