Companies often use variance analyses to gain greater insight into their financial performance.  Variance analysis is a process that identifies and explains differences in actual results compared to budgeted or past results. Typically thought of as more of a cost accounting tool for manufacturing companies, its usefulness extends to retail and service companies as well. This course examines the variance analysis process, its limitations and benefits, and how to effectively use it to understand and manage a company’s financial results regardless of industry.

Course Key Concepts: Budgeting and Forecasting, Variance Analysis, Favorable and Unfavorable Variances, Management by Exception, Financial Analysis, Financial Statements.