refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses.
A)Financial planning
B)Forecasting
C)Financial control
D)Factor analysis

Question

Quizplus · Accepted Answer

Financial control refers to the process of comparing actual revenues and expenses with projected ones in order to identify variances. This is done in order to monitor performance and take corrective action if necessary. Financial planning involves setting goals and developing strategies to achieve those goals. Forecasting involves predicting future revenues and expenses based on internal and external factors. Factor analysis is a statistical technique used to identify underlying factors that explain variation in a set of variables.

Refers to the Process That Identifies Variances by Comparing Actual