Knowing deviations and analysing them is useful to managers for planning and control. In the current circumstances, managers have a multitude of information, which sometimes lead to informational suffocation. For the analysis of deviations, BI solutions such as QlikView can be used. The article...

Managers use the “Cost-Volume- Profit” (CVP) analysis as a support in decision making, some of which are strategic decisions. The fundamental hypothesis of CVP analysis is based on: 1. Changes that occur in business volume entail changes in revenues and costs; 2. Total costs are split into...