Budget vs Actual online course
Budget is typically agreed before the start of the financial period which it covers. As the period passes, the actual performance is then compared to the budget as a benchmark.
To gain more detail, variance analysis is used which is covered in the course including topics such as standard cost, materials and labour cost and usage.
Price: £35 + VAT
What you will gain
This online course covers variance analysis which is used to benchmark budget against actual performance in more detail.
By the end of this course, you will have a greater understanding of:
- the concept of a standard cost
- basic variances including materials and labour cost and usage
- the concept of more advanced variances such as mix and yield
- the meaning and use of key variances
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