Variance commentary Given current-period actuals, prior-period actuals, and budget for the same scope, produce a commentary table. Threshold Flag a line for commentary if either is true: - Absolute variance ≥ the firm's materiality threshold (use the provided value; default 5% of the line or a fixed floor, whichever is greater) - The line is on the "always comment" list (revenue, headcount cost, cash) For each flagged line | Column | Content | |---|---| | Line | Account or caption | | Current / Prior / Budget | The three values | | Δ vs prior and Δ vs budget | Amount and % | | Driver | One se…