Which of the following is not part of the control phase of budgeting?
A) Comparing actual performance with budget estimates.
B) Deciding what action should be taken.
C) Identifying any significant variances.
D) Setting goals.

Question

Quizplus · Accepted Answer

Setting goals is part of the planning phase of budgeting, not the control phase. The control phase focuses on monitoring and adjusting performance based on budget estimates and identifying significant variances that require action.

Which of the Following Is Not Part of the Control