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Budgets and variances

A budget is the plan. A variance is where the month went differently. Build a budget, flex it, and report the differences that matter.

Premium5 rooms43 questions42 min
See the first roomWhat a budget is for

Rooms in this module

  1. What a budget is for7 min, easyPremium
  2. How to compare actual with budget9 min, easyPremium
  3. Favourable and adverse variances7 min, mediumPremium
  4. How to flex a budget9 min, mediumPremium
  5. How to report a variance10 min, mediumPremium

How this works

Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.

Questions

How many rooms and questions are in Budgets and variances?

5 rooms and 43 questions. Every question is marked at once.

How long does it take?

About 42 minutes in all. A room takes 7 to 10 minutes, so you can do one at a time.

Is it free?

No. These rooms need Premium. Each room shows the start of its first task before you pay.

What should I do first?

Marginal costing. It is the module before this one in Costing essentials.