Asked by Alondra Cardenas on May 12, 2024
Verified
All of the following are steps in the budgetary control process except:
A) Develop the budget from planned objectives.
B) Compare actual results to budgeted amounts and analyze differences.
C) Take corrective and strategic actions.
D) Communicate differences to supervisors to facilitate promotion decisions.
E) Establish new objectives and a new budget.
Budgetary Control Process
A method for managers to set financial and operational goals with budgets, monitor performance, and take corrective actions to stay on track with objectives.
- Master the foundational theories and procedures for competent budget organization and governance.
Verified Answer
AK
Ashley KempsMay 15, 2024
Final Answer :
D
Explanation :
Communicating differences to supervisors to facilitate promotion decisions is not a step in the budgetary control process. The purpose of budgetary control is to monitor and control financial performance and taking strategic actions to achieve desired results, not to facilitate promotion decisions.
Learning Objectives
- Master the foundational theories and procedures for competent budget organization and governance.
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