The preparation of forecasts and analyses used by management in planning and controlling the operations of the organization is generally a(n)
A) budgeting function.
B) tax planning function.
C) accounting manager function.
D) treasurer function.

Question

Quizplus · Accepted Answer

The preparation of forecasts and analyses used by management in planning and controlling the operations of the organization is known as budgeting function. The budgeting process involves developing projected financial statements, analyzing trends, estimating future costs and revenues, and creating strategies to achieve financial goals.

The Preparation of Forecasts and Analyses Used by Management in Planning