What You Need to Know Before
You Start
Starts 8 June 2025 02:32
Ends 8 June 2025
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hours
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3 hours 9 minutes
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Paid Course
Optional upgrade avallable
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
- Understanding Sales Variance
- Gross Profit Variance Analysis
- Data Collection and Preparation
- Calculation of Variances
- Interpreting Variance Results
- Real-World Applications
- Communicating Findings
- Advanced Topics in Variance Analysis
- Conclusion
Definition and Importance
Types of Variance Analysis
Overview of Sales and Gross Profit Variance
Price Variance
Mix Variance
Volume Variance
Components of Gross Profit
Impact of Cost Variance
Explanatory Techniques
Identifying Relevant Data
Data Cleaning and Organization
Tools for Data Analysis
Step-by-Step Process
Practical Examples
Use of Excel/Software Tools
Assessing Business Performance
Explaining Variances in Business Reviews
Connecting Variances to Strategic Decisions
Case Studies in Different Industries
Best Practices for Explaining Variances
Building Effective Reports
Visualizing Variance Analysis
Presenting to Stakeholders
Benchmarking Performance
Predictive Analytics
Incorporating AI in Variance Analysis
Summary of Key Concepts
Future Trends in Variance Analysis
Final Q&A and Assessment
Taught by
Umair Bhatti, CPA, CGA, FCCA
Subjects
Business
