Focus on gaps between the desired financial outcomes and those actually produced by the firm occurs as part of ____.
A) strategic controls
B) financial controls
C) accounting controls
D) financial analysis
E) profit techniques

Question

Quizplus · Accepted Answer

Financial controls involve monitoring and managing the financial resources of a firm to ensure that financial goals are met, which includes focusing on gaps between desired and actual financial outcomes.

Focus on Gaps Between the Desired Financial Outcomes and Those