Once You Have Drafted a Monthly Budget, You Should Avoid

question 9

True/False

Once you have drafted a monthly budget, you should avoid changing it.

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Definitions:

Differences

Variances or disparities between entities, items, or processes that are being compared or evaluated.

Actual

Referring to real, measured, or experienced facts and figures as opposed to estimates or projections.

Planned Results

The expected financial and operational outcomes from a company’s activities, based on strategic planning and budgeting.

Periodic Budget Reports

Reports generated at regular intervals to compare budgeted outcomes to actual financial performance.