What is a favorable variance?
Let's assume that the Direct Materials Usage Variance account has a debit balance of $2,000 at the end of the accounting year. A debit balance is an unfavorable balance resulting from more direct materials…
Treasurer vs Controller: What Are the Differences?
Like their accounting counterparts, controllers tend to experience a much better work/life balance than others in the financial industry. Anyone with a background in economics, statistics, mathematics, or finance and a basic understanding of…