Free practice · single-choice · medium
Practice
Interpret a reconciliation gap
Detailed outflows sum to USD 2,300 but the summary shows USD 2,250. What is the strongest next step?
Period cash-flow map
Keep plans, actuals, and cash direction visible
Budget view
PlannedExpected
ActualRecorded
VarianceActual − plan
Cash view
BeginningOpening balance
Inflows+ cash in
Outflows− cash out
Control
EndingBegin + in − out
GapDetail vs summary
A stated sign convention makes variance interpretable, while detail-to-summary reconciliation catches omitted, duplicated, or mistyped entries.