Please tell me how can I prepare Varience reports from April 2006 till Nov 2006 Regards Poustina
From India, Warangal
From India, Warangal
I HAVE WORKED OUT A SAMPLE FORMAT
FOR THIS EXERCISE.
================================================== ====
COMPENSATION / BENEFITS ELEMENTS
The following components make up compensation / BENEFITS ELEMENTS
YOU CAN ADD/ DELETE AS PER YOUR CO. REQUIREMENTS.
================================================== ====================
BASE SALARIES
SALES INCENTIVES
ANNUAL BONUS
STAFF INCENTIVES
COMPANYWIDE BENEFITS
MEDICAL PLAN
DENTAL PLAN
LONG TERM DISABILITY PLAN
LIFE INSURANCE PLAN
STOCK OPTION PLAN
EXECUTIVE PERQUISITE PLAN
ACCIDENT / DEATH PAYMENT
PENSION PLAN TUAL
=============================================
SAMPLE EXERCISE OF
VARIANCE REPORT
=============================================
draw five columns
col 1 = name of the elements
col 2= april to nov '06 budget for the element.
col 3 =april to nov '06 actual spent for the year for the element
col 4 = variance= difference between col 2 and col 3 in rupees
col 5 = variance = difference in percentage
col 6 = comments
col 7= action plan on variance.
====================================
an exercise
col 1 = name of the elements= base salaries
col 2= april to nov '06 budget for the element = 10 mill. rupees
col 3 =actual spent for april to nov '06 for the element = 11 mill rupees
col 4 = variance= difference between col 2 and col 3 in dollars = 1 mill rupees
col 5 = variance = difference in percentage = +10%
col 6 = comments = over spent on salaries, due to increase in recruitment
col 7= action plan on variance.= reduce the cost of recruitment.
====================================
NOW FOR THE ACTUAL REPORT,
YOU CAN DEVELOP AN EXCEL FORMAT
AND SELECT THE ELEMENTS, AS PER YOUR
COMPANY POLICY
AND COMPLETE THE COLUMNS AS REQUIRED.
THIS IS YOUR VARIANCE REPORT.
regards
LEO LINGHAM
From India, Mumbai
260FOR THIS EXERCISE.
================================================== ====
COMPENSATION / BENEFITS ELEMENTS
The following components make up compensation / BENEFITS ELEMENTS
YOU CAN ADD/ DELETE AS PER YOUR CO. REQUIREMENTS.
================================================== ====================
BASE SALARIES
SALES INCENTIVES
ANNUAL BONUS
STAFF INCENTIVES
COMPANYWIDE BENEFITS
MEDICAL PLAN
DENTAL PLAN
LONG TERM DISABILITY PLAN
LIFE INSURANCE PLAN
STOCK OPTION PLAN
EXECUTIVE PERQUISITE PLAN
ACCIDENT / DEATH PAYMENT
PENSION PLAN TUAL
=============================================
SAMPLE EXERCISE OF
VARIANCE REPORT
=============================================
draw five columns
col 1 = name of the elements
col 2= april to nov '06 budget for the element.
col 3 =april to nov '06 actual spent for the year for the element
col 4 = variance= difference between col 2 and col 3 in rupees
col 5 = variance = difference in percentage
col 6 = comments
col 7= action plan on variance.
====================================
an exercise
col 1 = name of the elements= base salaries
col 2= april to nov '06 budget for the element = 10 mill. rupees
col 3 =actual spent for april to nov '06 for the element = 11 mill rupees
col 4 = variance= difference between col 2 and col 3 in dollars = 1 mill rupees
col 5 = variance = difference in percentage = +10%
col 6 = comments = over spent on salaries, due to increase in recruitment
col 7= action plan on variance.= reduce the cost of recruitment.
====================================
NOW FOR THE ACTUAL REPORT,
YOU CAN DEVELOP AN EXCEL FORMAT
AND SELECT THE ELEMENTS, AS PER YOUR
COMPANY POLICY
AND COMPLETE THE COLUMNS AS REQUIRED.
THIS IS YOUR VARIANCE REPORT.
regards
LEO LINGHAM
From India, Mumbai
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