Analyzing Budget Variances

In this assignment, you will explore the budget process for analyzing budgets. After a budget is approved by government, it is analyzed on a monthly or quarterly basis. The analysis will examine the amount spent to date and the variance.
Use the Argosy University online library resources and the Internet to research budget variances.
Respond to the following:
• Why would the government be interested in the variance?
• What can be done to correct a large variance?
Support your responses using the module readings or other authoritative sources.