Financial control is a process where firms compare actual revenues and costs with budgeted revenues and costs.

Name: Financial control is a process where firms compare actual revenues and costs with budgeted revenues and costs.
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Question

Quizplus · Accepted Answer

Financial control involves the comparison of actual results with the budgeted figures to identify any variances that need to be addressed. This allows organizations to take corrective actions to ensure that they achieve their financial goals.

Financial Control Is a Process Where Firms Compare Actual Revenues