Examlex
What are the main sources of assessment evidence in primary schools?
Variance
The difference between planned or budgeted figures and actual figures, used in performance analysis and management.
Financial Reporting Systems
Systems used by organizations to manage and process financial data, and to produce reports that accurately depict business performance and financial position.
Principle of Exceptions
A management principle where focus is directed towards cases that deviate significantly from the norm, allowing managers to concentrate on significant issues rather than routine matters.
Standard Costs
Predetermined or estimated costs to manufacture a product or provide a service, used in budgeting and measuring performance.
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