Exception reporting is used in operating and cash budgets to keep company profits and cash flow in line with management's plans.

Name: Exception reporting is used in operating and cash budgets to keep company profits and cash flow in line with management's plans.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Exception reporting is indeed used in budgets to identify any deviations from management's plans and take corrective actions to ensure that profits and cash flow are in line with budgeted amounts.

Exception Reporting Is Used in Operating and Cash Budgets to Keep