Budget Variance Analysis Case: Contrasting Excel with Tableau*

Abstract

This case not only familiarizes students with data analytics but also demonstrates its practical application. It presents a scenario of an electronic components company, equips students with budgetary and financial performance information, and challenges them to prepare a visual budgetary variance analysis for a board meeting. This hands-on exercise, conducted first in Excel and then in Tableau, enhances students' analytics skills. The learning tasks include creating formulas that depend on multiple worksheets in Excel, interpreting data results, and importing data into Tableau. Students will establish correct relations between imported tables; create formulas and new calculated fields; filter and format data; construct graphs; create workbooks, dashboards, and stories; publish graphical analyses on the Tableau cloud server; and distribute the presentation via a hyperlink. The case was tested with Master of Accountancy students in an Advanced Information Systems class and received high student evaluation scores. It is recommended for use in an undergraduate or graduate accounting or business program after students conceptualize the budgetary variance analysis.