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) Evaluating results of operations
C) Creating detailed budgets
D) Implementing operational plans

Question

Quizplus · Accepted Answer

Creating detailed budgets is part of the planning function of managerial accounting. Reviewing actual performance (A) and evaluating results of operations (B) are part of the controlling function, and implementing operational plans (D) is part of the directing function.

Managerial Accounting Includes the Planning Function