Asked by MUHAMMAD SUFYAN on May 25, 2024
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A budget performance report compares actual results with the budgeted amounts and reports differences for possible investigation.
Budget Performance Report
A report comparing actual financial performance with the planned or budgeted performance.
Budgeted Amounts
Estimated financial figures for revenues, expenses, assets, and liabilities prepared for future periods.
Actual Results
The real outcomes or outputs of an activity, project, or financial operation, measured at the end of the period.
- Recognize the role of budget performance reports in managing organizational finances.
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Learning Objectives
- Recognize the role of budget performance reports in managing organizational finances.
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