Financial Accounting MCQS - QUESTION DETAILS

In the context of managerial accounting, what is the term for the process of comparing actual results to the budgeted or planned results?
A. Budgeting
B. Variance Analysis
C. Decision Making
D. Standard Costing

Variance Analysis compares actual results to budgeted or planned results.

Similar Questions

What is the primary goal of financial management in a business?






What is the term for the market where financial instruments are bought and sold for immediate delivery and settlement?






In personal finance, what term describes the systematic process of setting aside funds for retirement?






What term refers to the analysis of an investment's potential returns in relation to its level of risk?






What does the term "Hedging" mean in financial management?






In financial management, what decision involves determining the appropriate level of inventory for efficient operations?






What is the systematic process of identifying, assessing, and managing potential risks in an organization called?






What is the financial strategy of generating income by renting out property or space?






What type of financial institution specializes in facilitating the trading of foreign currencies for businesses and investors?






What financial statement is also known as the Profit and Loss Statement?