Managerial Accounting Includes the Planning Function

question 155

Multiple Choice

Managerial accounting includes the planning function.Which of the following items would be part of the planning function of a business's managerial accounting?

• A) comparing actual performance to previously budgeted amounts
• B) creating detailed budgets
• C) implementing operational plans
• D) evaluating results of operations

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Definitions:

Analytical Skills

The ability to identify relevant issues, recognize their importance, understand the relationships between them, and perceive the underlying causes of a situation.