Accounting Variance Analysis
Training
Online
*Precio estimado
Importe original en GBP:
£ 10 £ 40
Descripción
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Tipología
Training
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Nivel
Beginner
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Metodología
Online
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Horas lectivas
10h
Variance analysis is a kind of quantitative investigation which finds the difference between planned and actual behaviour. To exercise budgetary control, variance analysis is a very significant tool because it is used to maintain control over the business.
This unit aims to describe the different ways in which the management might monitor and guide the operations of a business to accomplish the required goals, mainly in respect of costs and sales. It also explains variance, direct material variances, direct material price variance, direct labour variances, direct labour (wages) rate variance and direct labour efficiency (time) variance.
Moreover, various topics such as overhead cost variance (OCV), variable overheads cost variance (VOCV), fixed overhead cost variance (FOCV), sales price variance, control of variances and variance reporting will be comprehensively discussed in this unit.
Información importante
¿Qué objetivos tiene esta formación?: Identify the factors responsible for deviation of actual performance from the standard performance and know how to take the necessary remedial measures.
¿Esta formación es para mi?:
New or recent recruits to banking and financial organisations
Operations and support staff
Finance and accounting staff
Dealers and Traders
Precio a usuarios Emagister:
Requisitos: No prior knowledge is required to take this unit.
Sedes y fechas disponibles
Ubicación
comienzo
comienzo
Materias
- Sales
- Sales Training
- Analysis methodologies
- Variance Analysis
- Accounting Analysis
- Variance
- Accounting Audit
- Variance reporting
- Accounting Variance Analysis
- Accounting Variance
Temario
Variance Analysis
Objectives:
After completing this course learners will be able to:
Describe the ways in which the management might monitor and guide the operations of a business to meet the desired goals, particularly in respect of costs and sales.
- Identify the factors responsible for deviation of actual performance from the standard performance and know how to take the necessary remedial measures.
Program Content:
Lesson(s):
Introduction to Variance Analysis
Topics:
- Meaning of Variance
- Direct Material Variances
- Direct Material Price Variance
- Direct Labour Variances
- Direct Labour (Wages) Rate Variance
- Direct Labour Efficiency (Time) Variance
- Overhead Cost Variance (OCV)
- Variable Overheads Cost Variance (VOCV)
- Fixed Overhead Cost Variance (FOCV)
- Sales Price Variance
- Control of Variances
- Variance Reporting
Accounting Variance Analysis
*Precio estimado
Importe original en GBP:
£ 10 £ 40