Comparing actual results with budget or forecast and explaining the main reasons for each gap.
Good work shows: Calculates variances in amount and percentage; focuses on the largest variances first; explains each variance with a business reason.
Variance analysis is one of the analysis skills on FinderK.
The job simulations and Skill Paths below include work that is checked for this skill. You do the work in an original fictional company and get feedback on it.
Work out a food maker's electricity emissions for the annual report, both ways, with a site sold and a site bought during the year. Then stop marketing overclaiming renewable power, and restate the figure honestly when the certificates come in short.
Skills: Apply a reporting boundary to sites bought and sold; Calculate location-based and market-based Scope 2; Write a disclosure that claims only what the evidence supports; Restate a figure openly when evidence changes; Answer an assurance provider with evidence
Assistant restaurant manager at The Gannet Kitchen
About 55 minutes. Included in Plus.
The weekly food cost has jumped from 31 to 40.5 percent and head office sees it on Wednesday. Find what is wrong in the records, query the supplier, and explain what is really driving the cost.
Skills: Check purchases and stock records for errors; Calculate a weekly food cost percentage; Query a supplier politely and within authority; Explain the cause of a cost rise with figures and options