The management accountant at Woodhaven Cycle Shoppe developed a budget to establish the sales goals at the store in 2012. In 2013, the management accountant evaluated the performance in the organization, reviewed the performance of the sales staff, and compared the sales results to the actual budget that the managerial accountant developed in 2012. Which of the following management accounting responsibilities is the management accountant using in this example?
A)Planning
B)Directing
C)Controlling
D)Designing
E)Implementing

Question

Quizplus · Accepted Answer

The management accountant in this example is using the responsibility of controlling, which involves evaluating the performance of the organization and comparing it against the budgeted goals to make any necessary adjustments. Planning refers to the initial development of the budget, while directing, designing, and implementing refer to other responsibilities that may not be relevant to this specific example.

The Management Accountant at Woodhaven Cycle Shoppe Developed a Budget