Flexible Budgets, Standard Costs, & Variance Analysis

Course Overview

• Course Title: Flexible Budgets, Standard Costs, & Variance Analysis
• Instructor: Robert (Bob) Steele
• Target Audience:
  • Skill Level: Intermediate to Advanced
  • Demographics: Accounting professionals, finance managers, business students
• Prerequisites:
  • Basic Accounting Knowledge
  • Managerial Accounting Foundations
  • Willingness to Learn

Curriculum Highlights

• Key Topics Covered:
  • Managerial vs. Financial Accounting
  • Flexible Budgeting Techniques
  • Standard Costs and Cost Variance Analysis
  • Sales Variance Analysis
  • Direct Materials Variance Analysis
  • Direct Labor Variance Analysis
  • Overhead Variance Analysis
  • Excel for Budgeting
• Key Skills Learned:
  • Differentiate between managerial and financial accounting
  • Apply flexible budgeting techniques
  • Analyze standard costs and perform cost variance analysis
  • Calculate and interpret sales variances
  • Perform direct materials variance analysis
  • Evaluate direct labor variances
  • Interpret overhead variances
  • Use Excel for budgeting and analysis
  • Demonstrate critical thinking and problem-solving abilities

Course Format

• Duration: 8 hours on-demand video
• Format: Self-paced online course
• Resources:
  • Assignments
  • 64 downloadable resources
  • Access on mobile and TV
  • Certificate of completion