Variance Analysis
/ˈværiəns əˌnæləsɪs/
Definitions
- (n.) A method used in accounting and financial law to examine the differences between planned financial outcomes and actual results, helping identify causes of variances.
The court reviewed the variance analysis to determine if the company breached contractual financial obligations.
Forms
- variance analyses
Related terms
See also
Commentary
In legal contexts, variance analysis is often employed to assess compliance with financial terms of contracts or regulatory filings. Accurate variance analysis can support litigation or dispute resolution involving financial discrepancies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.