Reading a budget vs actual report

Skills you'll practise

• Read favorable and unfavorable variances from a budget report
• Identify which variances deserve follow-up
• Explain a variance with the information you'd need to confirm it
• Avoid drawing conclusions from totals alone

Course outline

1. 1.Reading budget vs actualVideo · 1 min
2. 2.Variances that matterLesson · 12 min
3. 3.Building a simple budgetLesson · 14 min
4. 4.Explaining variances: price, volume and timingLesson · 12 min
5. 5.Reading a budget vs actual report: knowledge checkKnowledge check · 16 questions
6. 6.Reading a budget vs actual report: practical exerciseKnowledge check · 1 question
7. 7.Final exam4 questions · passing it completes the course, so people who already know the material can test out

Sources it draws on

The lessons and questions are written from these references, so learners can go back to the original.

• General business-finance fundamentals (revenue, cost, gross margin, budgets)