Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are a data analyst, and the CFO has asked you to analyze the payroll data so that variances can be shown between actual and
You are a data analyst, and the CFO has asked you to analyze the payroll data so that variances can be shown between actual and budgeted values. You follow the Plan stage of the data analysis process. Your activities include a. determining the purpose of performing a variance analysis; identifying the project goals; and determining what data sources need to be used in the analysis b. determining the motivation and objective of the analysis; creating a strategy to analyze the data; and preparing the data for upload into the analysis tools c. identifying if the project goal is to determine if actuals were higher than budgeted values; determining what data sources need to be used in the analysis; and extracting the payroll data from the ERP system d. determining the motivation and objective of the analysis; extracting the payroll data from the ERP system; and preparing the data for upload into the analysis tools
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started