This section enables you to understand the steps involved for calculating the variance on the Performance Indicators Year on Year.
Consider the Variance calculation performed on the Performance Indicators Year on Year report for 2009 and 2010. The variance value is the difference between the accounts. For example, the Gross Profit account value in 2010 year is 8,500,082.62, similarly Gross Profit account value in 2009 year is 13,571,077.81. The variance calculation: 8,500,082.62–13,571,077.81= –5,070,995.19.
| Accounts Column | Year Column | Year 1 Column | Variance Column |
|---|---|---|---|
| 2010 | 2009 | ||
| Gross Profit | 8,500,082.62 | 13571077.81 | 8,500,082.62–13571077.81= –5,070,995.19. |