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What are the common reasons for significant P&L variances?
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Detailed Explanation
Common reasons include additional employee hiring, salary revisions, changes in business volume, delayed invoices, missing accruals, duplicate journal entries, incorrect GL classifications, foreign currency movements, and one-time expenses. You should investigate each significant movement to establish whether it represents a genuine business activity or an accounting issue.
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Disclaimer: This material is for educational purposes only. Every financial situation is unique. Consult with a certified professional before making significant decisions.