ACCA BT · Chapter 5 · Question 4 of 10
Which of the following best describes the role of the management accountant in the 'control' stage of the management process?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Comparing actual results with budgets and reporting variances for management action
Explanation
Control involves monitoring actual performance against plans, identifying variances and enabling managers to take corrective action. Management accountants support this through budgetary control and variance reports. Recording invoices is transaction processing, negotiating loans is treasury, and marketing campaigns are a marketing responsibility.
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