Periodic comparisons between planned objectives and actual performance are reported in
A) zero-base reports
B) budget performance reports
C) master budgets
D) budgets

Question

Quizplus · Accepted Answer

Periodic comparisons between planned objectives and actual performance are typically reported in budget performance reports, which allow organizations to evaluate their progress towards meeting their financial goals and adjust their strategies and plans as needed. Zero-base reports are more focused on identifying and justifying the need for specific activities or programs, while master budgets are comprehensive financial plans that outline an organization's expected revenues, costs, and expenses over a specified period of time. Basic budgets simply outline an organization's projected income and expenses for a given period, without necessarily including detailed performance metrics or comparisons.

Periodic Comparisons Between Planned Objectives and Actual Performance Are Reported