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Expense Policy Exception Request Northwestern University  Form

Expense Policy Exception Request Northwestern University Form

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in this video we're going to discuss management by exception so managers have a limited amount of time they can't go investigating every single problem that a company has for example if we're talking about cost control the managers can't go through every single line item on the income statement and see if the cost was managed well so instead one thing they can do is they can use a philosophy called management by exception where they just focus on problem areas they're looking for really large deviations from what the company had expected in terms of you're thinking the cost will be $50,000 for a particular line item and it ends up being $175,000 and you say okay wait a minute all these other costs you know there were differences but they weren't that big but wow here we've got a really large difference so management by exception uh one extension of that is actually variance analysis okay so I've got some other vide

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