Hi this may sound dumb but my boss has asked me to do a task and my mind has gone completely blank and I'm not sure how to do it. Any help would be greatly appreciated as he's away so I can't ask him, I have only been in this job for 2 months so still getting used to it.
I have prepared some consolidated accounts for June of which I have been asked to find out what the difference in variance is between net profit actual to budget and net asset actual to budget. For example:
£'000
Net profit June: 114
Net profit budget June: 190
Variance: (75)
Net asset June: (71)
Net asset budget June: 944
Variance: (1,015)
So he want to know what the difference of £940 is between the two variances i.e (1,015) & (75).
Can anyone shed any light on this?
I have prepared some consolidated accounts for June of which I have been asked to find out what the difference in variance is between net profit actual to budget and net asset actual to budget. For example:
£'000
Net profit June: 114
Net profit budget June: 190
Variance: (75)
Net asset June: (71)
Net asset budget June: 944
Variance: (1,015)
So he want to know what the difference of £940 is between the two variances i.e (1,015) & (75).
Can anyone shed any light on this?