Budget vs Actual (BVA) Analysis in MS Excel
This course covers the fundamentals of Budget vs Actual (BVA) analysis in MS Excel, starting with an introduction to budgetary control and the importance of variance analysis.
Course Type
E-learning
Length
3 hours +
What you’ll achieve
When you've completed this course, you will understand how to:
- Create a comprehensive BVA template in MS Excel tailored for both annual and monthly variance analysis.
- Use Excel functions like VLOOKUP, SUMIF, and IFERROR for efficient data population and error management.
- Apply conditional formatting to highlight favourable and adverse variances visually.
- Automate variance updates for different time periods using dropdown menus and dynamic references.
- Analyse variances as figures and percentages to identify exceptions and inform decision-making.
About this course
This course covers the fundamentals of Budget vs Actual (BVA) analysis in MS Excel, starting with an introduction to budgetary control and the importance of variance analysis. You will learn to create a dynamic BVA template from scratch, populate it with budgeted and actual figures, and calculate variances using functions such as VLOOKUP and SUMIF. The syllabus includes applying conditional formatting for clear visual indicators, handling variances as percentages, implementing error checks, and automating monthly updates with dropdown selections. By the end, you will have developed a professional tool to monitor financial performance effectively.
Finance professionals; accountants; business analysts; budget managers; project managers; financial consultants; Excel enthusiasts aiming to enhance financial reporting skills.
Overview
E-learning |
|
3 hours + |
|
Excel |
Syllabus
The course covers the following areas:
- Introduction to Budgetary Control and Variance Analysis
- Setting Up a BVA Template
- Populating Budget and Actual Figures
- Variance Analysis
- Using Conditional Formatting
- Automating Monthly Variance Updates
- Error Management
- Finalising and Enhancing the Templates.
How to access
Once purchased you'll be able to access the AAT Learning Portal where you'll have 12 months from the date to access the learning materials. AAT Learning Portal allows you to view all the courses you've purchased in one place, monitor your latest training activity and create goals to help you achieve your training aims.