Sales & Gross Profit Variance Analysis (Price, Mix, Volume)
Last updated 5/2021
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.58 GB | Duration: 3h 9m
Financial Analysis, Gross profit margin analysis, Price, volume, Mix, Quantity variances, Presentation, Recommendations
What you'll learn
What are sales related variances and how do they impact profit of a business? How do these variances help explain business performance?
How to explain variances resulting from sales price, quantity and product mix differences.
How to completely explain variance vs budget and previous year in terms of dollar amounts and profit percentage (%).
How to automate variance calculation in Microsoft Excel so that files can be updated every time a new calculation is required.
How to summarize variance calculation results in the form of automated graphs/charts.
How to present the results of variance analysis to management using Microsoft Powerpoint.
How to analyse and provide recommendations to management based on results of analysis.
Complete solved Excel files
Requirements
A general understanding of sales, cost and profit (Not mandatory).
Description
Do you ever find yourself, in business review meetings, trying to explain the business performance versus budget, or prior period, but not having all the answers? Then, this course is just for you. Being able to analyse and present the profitability of a business through variance analysis is a key business partnering skill. It can help you identify key business issues and establish your position as a trusted finance business partner to the senior management. This is a must have skill for all finance and business professionals, specially Sales Analysts, Financial Analysts, Accountants, Controllers, CFOs, General Managers and CEOs.In this course, we take a detailed look at calculating and analyzing...
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