Budgeting & Standard (AIR,Ex- KPMG) : ACCA | CA | CIMA | PG

Budgeting & Standard (AIR,Ex- KPMG) : ACCA | CA | CIMA | PG, Most simplified standard costing and budgeting..

Course Description

This very short course will be focusing on budgeting, standard costing and variance analysis.

We have created the most simplified video explanation explaining these topics, we will be learning :

How to prepare budgets and aspects to consider.

Fixed, flexible, incremental, rolling, zero-based and activity based budgeting.

Quantitative analysis tools.

Basics of standard costing, relationship with budgeting and types of standards.

Understanding variance formulas and calculation.

Concept of mix and yield variances and understanding through an example.

References based on which to analyze variances and explanation of operating statement.

How to calculate and interpret planning and operational variances. Principle of controllability.

Additional aspect to consider with respect to budgets and standards.