Flexible Budgets, Standard Costs, & Variance Analysis
Maximizing Financial Insight: Mastering Variance Analysis and Budgeting for Strategic Decision-Making
4.42 (431 reviews)
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students
8 hours
content
Nov 2024
last update
$44.99
regular price
What you will learn
Differentiate between managerial accounting and financial accounting, understanding their distinct roles and objectives in business decision-making.
Apply flexible budgeting techniques, demonstrating an understanding of their benefits and how they can be utilized to adapt to changing business conditions.
Analyze standard costs and perform cost variance analysis, interpreting the variances to identify areas of cost inefficiencies and opportunities for improvement
Calculate and interpret sales variances, evaluating the impact of sales performance on overall profitability and making informed decisions based on the analysis
Perform direct materials variance analysis, assessing the efficiency and effectiveness of material usage and identifying potential cost-saving opportunities.
Evaluate direct labor variances, understanding the factors that contribute to labor cost variations and implementing strategies for better labor cost management
Interpret overhead variances, analyzing the discrepancies between actual and budgeted overhead costs and identifying potential areas for cost control.
Solve comprehensive problems related to overhead variance analysis and variance analysis, integrating knowledge and skills to make informed decisions and provid
Apply Excel skills to construct and analyze budgets, utilizing preformatted worksheets and step-by-step instructional videos for effective budgeting processes.
Demonstrate critical thinking and problem-solving abilities in real-world scenarios, utilizing variance analysis and budgeting techniques to support strategic d
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2342436
udemy ID
28/04/2019
course created date
25/08/2019
course indexed date
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