Variance Analysis (Budget vs Actuals) using MS Excel
Learn how to conduct variance analysis of Profit and Loss using waterfall charts and conditional formatting in MS Excel. Gain insights and make informed decisions with interactive reports. Perfect for data analysts, financial analysts, and business analysts.
What you’ll learn
- Conduct ‘Variance Analysis’ of Profit and Loss (Budget vs Actuals) using waterfall charts and conditional formatting in MS Excel
In this course, we will learn how to look at the Management Profit and Loss Statement and analyse the same for insights from the following lenses:
1.Variance Analysis : How to conduct variance analysis of Management Profit and Loss Statement using the following time periods:
Budget (For the Month)
Actuals (For the Month)
Budget (Year to Date)
Actuals (Year to Date)
2.Interactivity : Capability to conduct variance analysis for different time periods at the click of a button
We will use interactive report and waterfall charts to derive insights that will enable decision making by the management.
There are sub topics which will be covered in details before creating the final dashboard. The concepts are as below:
HLOOKUP
Data Validation
SUM using Relative Referencing and Absolute Referencing
Waterfall Chart
Conditional Formatting for quick insights
Detailed understanding of Management Profit and Loss Statement
Difference between Management Profit & Loss Statement and Financial Profit & Loss Statement
At the end of the course, we will be able to carry out variance analysis given any two comparative across time dimensions. And cherry on the cake is the interactivity (using which data across different time dimensions can be analysed at the click of a button).
This course will give you an edge in terms of the articulation of multi faceted data for simplification and deriving powerful insights in the least amount of time.
Who this course is for:
- Data Analysts
- Financial Analysts
- Business Analysts
- Chartered Accountants
- Accountants
- People doing Financial Planning and Analysis
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