Sales & Gross Profit Variance Analysis (Price, Mix, Volume)

Overview

Do you ever find yourself, in business review meetings, trying to explain the business performance versus budget, or prior period, but not having all the answers?Then, this course is just for you.

Syllabus

• Introduction to Variance Analysis
Definition and Importance
Types of Variance Analysis
Overview of Sales and Gross Profit Variance
• Understanding Sales Variance
Price Variance
Mix Variance
Volume Variance
• Gross Profit Variance Analysis
Components of Gross Profit
Impact of Cost Variance
Explanatory Techniques
• Data Collection and Preparation
Identifying Relevant Data
Data Cleaning and Organization
Tools for Data Analysis
• Calculation of Variances
Step-by-Step Process
Practical Examples
Use of Excel/Software Tools
• Interpreting Variance Results
Assessing Business Performance
Explaining Variances in Business Reviews
Connecting Variances to Strategic Decisions
• Real-World Applications
Case Studies in Different Industries
Best Practices for Explaining Variances
• Communicating Findings
Building Effective Reports
Visualizing Variance Analysis
Presenting to Stakeholders
• Advanced Topics in Variance Analysis
Benchmarking Performance
Predictive Analytics
Incorporating AI in Variance Analysis
• Conclusion
Summary of Key Concepts
Future Trends in Variance Analysis
Final Q&A and Assessment

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Taught by

Umair Bhatti, CPA, CGA, FCCA

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Subjects

Business