Define: Actuals

Actuals (noun):

1. The real or factual data, figures, or results obtained from a specific event, project, or situation, as opposed to estimated or projected values. Actuals provide an accurate representation of the actual performance, costs, revenues, or outcomes achieved in a given period.

2. In financial accounting, actuals refer to the recorded financial transactions and events that have occurred within a specific accounting period. These actuals are used to compare and analyze against budgeted or forecasted amounts, enabling organisations to assess their financial performance and make informed decisions.

3. In project management, actuals represent the actual time, effort, resources, and costs expended on a project, task, or activity. By comparing actuals with planned or budgeted values, project managers can evaluate project progress, identify variances, and take corrective actions to ensure successful project completion.

4. In the entertainment industry, actuals refer to the verified box office revenues or ticket sales of a movie, play, or concert, which are typically reported after the event has taken place. Actuals provide an accurate measure of the commercial success or popularity of a particular entertainment production.

Overall, actuals serve as a reliable source of information, allowing individuals, organisations, or industries to assess performance, make informed decisions, and evaluate the accuracy of initial estimates or projections.