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CHAPTER 6 MASTER BUDGET AND RESPONSIBILITY …
yufoe.weebly.com6-2 The master budget expresses management’s operating and financial plans for a specified period (usually a fiscal year) and includes a set of budgeted financial statements. It is the initial plan of what the company intends to accomplish in the period. 6-3 Strategy, plans, and budgets are interrelated and affect one another. Strategy specifies
Budget and Budgetary Control Semester IV- CMA II
umeschandracollege.ac.inprepare a master budget. Budgets can be classified into different ways from different points of view. The following are the important basis for classification: Functional Classification: SALES BUDGET: The sales budget is an estimate of total sales which may be articulated in financial or quantitative terms.