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CIPS L6M5 Exam - Topic 2 Question 22 Discussion

Actual exam question for CIPS's L6M5 exam
Question #: 22
Topic #: 2
[All L6M5 Questions]

Casper is conducting a Variance Analysis of the company's budget. What is its main purpose?

Answer Options:

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Suggested Answer: C

A Variance Analysis (p.95) compares planned vs. actual budget and identifies inefficiencies to enhance financial performance. Option A focuses only on overspending, B on cost-cutting, and D on categorizing costs rather than improving efficiency. [P.95]


by Markus at Apr 07, 2026, 04:57 AM

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Tijuana
2 days ago
I remember a practice question that emphasized finding cost savings, so I might lean towards option B.
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Vincenza
7 days ago
I think the main purpose is to identify which departments have overspent, but I'm not entirely sure.
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