20. Why is variance analysis crucial for effective budget management? a. It helps in setting sales targets b. It identifies areas where actual performance deviates from budgeted figures, allowing corrective action c. It ensures that all expenses are justified d. It reduces the time needed to prepare future budgets

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.