During the last fiscal year,XYZ organization implemented managerial accounting to allocate program costs to its soup kitchen.The kitchen's manager is reviewing actual results from the prior month to compare the outcomes with the organization's objectives.Which function of the Plan-Implement-Control cycle is she conducting?
A)Plan
B)Implement
C)Control
D)Strategize

Question

Quizplus · Accepted Answer

The manager is reviewing actual results from the prior month to compare them with the organization's objectives, which is a part of the control function. The plan function involves developing goals and strategies, while the implement function involves putting those strategies into action. Strategize is not a recognized function within the Plan-Implement-Control cycle.

During the Last Fiscal Year,XYZ Organization Implemented Managerial Accounting to Allocate