Keys to Reading Variances
Understand, analyze, and explain budget variances methodically
This e-learning module is essential for all finance and management control professionals who want to master the basics of analyzing variances between forecast and actual budgets.
It can be taken independently or integrated into the complete Finance, Management Control & Procurement course, for a progressive and consistent development of skills.
Are you wondering about the essential concepts you need to know to interpret variances between budget and actual budget? Do you want to structure your financial analyses with greater clarity? This module provides all the educational answers to your questions.
In this module, you will learn to:
- Identify the different types of variances: price, volume, mix, productivity, etc.
- Apply the appropriate calculation methods for each type of variance
- Read and use a multi-level analysis diagram to structure your thinking
- Avoid common errors in interpreting variances
- Make the right assumptions to better explain budget variations
Clear teaching, supported by concrete examples and directly applicable to your professional situations.
Ideal for better preparing your analyses ahead of your budget reviews, performance committees, or explanatory meetings with management.
