Comparing actual performance to previously budgeted amounts is part of the ________.
A) controlling function of managerial accounting
B) planning function of managerial accounting
C) reporting function of managerial accounting
D) organizing function of managerial accounting

Question

Quizplus · Accepted Answer

Comparing actual performance to previously budgeted amounts falls under the controlling function of managerial accounting, which involves monitoring and adjusting performance to ensure that objectives and goals are met. This is done by analyzing actual results and comparing them to budgets or standards, identifying variances, and taking corrective actions when necessary.

Comparing Actual Performance to Previously Budgeted Amounts Is Part of the ________