Financial managerial accounting 3rd kieso ch23(budgetary control and planning)

... Learning Objectives LO Describe budgetary control and static budget reports LO Prepare flexible budget reports LO Apply responsibility accounting to cost and profit centers LO Evaluate performance... Copyright ©2018 John Wiley & Son, Inc Budgetary Control and Static Budget Reports Use of budgets in controlling operations is known as budgetary control a Budget reports compare actual results... differences between actual and planned results and determines causes LO Copyright ©2018 John Wiley & Son, Inc Budgetary Control Develop budget Analyze differences between actual and budget Take corrective