The Purpose of __________ Is to Identify Deviations from Objectives

question 88

Short Answer

The purpose of __________ is to identify deviations from objectives and plans as soon as possible in order to take corrective action.

---

Definitions:

Transactions

Financial activities involving the exchange of assets, services, or financial instruments between parties.

Transactions

The financial events that affect the financial statements of a business, involving transfers or exchanges of value between two parties.

Current Ratio

An indicator of a business's capacity to meet its obligations due in the next twelve months.

Calculated

Determined by mathematical methods; involving the process of using mathematical or logical techniques to derive a result.