Question

Inputs to a GL/BR process typically include all of the following except:

A) Transactional data
B) Budget forecasts
C) Account balances
D) Customer preferences

Answer 1

Inputs to a GL/BR process typically include transactional data, budget forecasts, and account balances. Customer preferences are not typically included.

Step-by-step explanation:

GL/BR process refers to the General Ledger/Budget Review process. The inputs to this process typically include transactional data, budget forecasts, and account balances. These inputs help in evaluating the financial performance of a business, making adjustments, and creating financial statements.

Transactional data involves recording all financial transactions such as sales, purchases, and expenses. Budget forecasts are projections of future revenues and expenses. Account balances show the current financial position of each account in the general ledger.

Customer preferences are not typically included as inputs to the GL/BR process. Customer preferences are more relevant in marketing and product development decisions rather than financial reporting and analysis.