The amount of detail presented in a budget performance report for a cost center depends on the level of management to which the report is directed. true or false

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DesireeGuzman6549 DesireeGuzman6549

22-08-2022
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The amount of detail presented in a budget performance report for a cost center depends on the level of management to which the report is directed. true or false

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Tutorconsortium352 Tutorconsortium352 · Answer 1 · 2022-08-28T09:59:54+02:00

True. The amount of detail presented in a budget performance report for a cost centre depends on the level of management to which the report is directed.

What is budget performance report?

A budget performance report contrasts the performance of the actual budget with what was anticipated. It enables comparison between actual account transactions for a given time and budget figures for related periods. All transactions entered in batches or journals that are submitted to the ledger, as well as documents that are updated to the ledger and point-of-sale invoices, will be included.

What is management?

Management (or managing) is the process of overseeing the operations of a company, non-profit, or governmental entity. It is both the science and the art of managing a company's resources.

To learn more about management visit:

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