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)Creating detailed budgets
B)Evaluating results of operations
C)Comparing actual performance to previously budgeted amounts
D)Implementing operational plans

Question

Quizplus · Accepted Answer

Creating detailed budgets is part of the planning function in managerial accounting, as it involves setting financial goals and outlining how resources will be allocated to achieve those goals.

Managerial Accounting Includes the Planning Function