HKICPA QP Module 2 Management Accounting Practice Questions - HKICPA Qualification Programme Associate Level Module 2 Management Accounting (Hong Kong) Exam

Feedback control compares actual results with budgets after the period, whereas feed-forward control forecasts errors before they occur so corrective action can be taken proactively. Feedback control operates only in service sectors, while feed-forward control is restricted to manufacturing companies. Feedback control does not use variance analysis, whereas feed-forward control relies entirely on historical variances. Feedback control is performed by junior staff, whereas feed-forward control is the sole responsibility of the board of directors.