Analyzing the Master Budget.
Date Submitted: 09/10/2006 02:33:26
Category: / Society & Culture / Education
Length: 2 pages (624 words)
Category: / Society & Culture / Education
Length: 2 pages (624 words)
A master budget is a summary of a company's plans in which specific targets are set for sales, production, distribution, and financing activities and that generally culminates in a cash budget, budgeted income statement, and budgeted balance sheet (www.mcgrawhill.ca/college/garrison5/student/olc/5mag).
The "Analyzing the Master Budget" simulation summary takes you through different scenarios where changes occur in the master budget. These changes require that you analyze the impact and make …
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…of communication, support from upper-level management, participation from various personnel, and predictive characteristics". (p. 18). You cannot complete a budget without the input from all departments. Doing so is like taking a three legged dog to the track, he may be able to run, but he will never win.
References:
Evans, Matt H. (2003). Course 2: Excellence in Financial Management. Financial Planning and Forecasting. http://www.exinfm.com/training/pdfiles/course02.pdf
Appendix A
Appendix B
Appendix C
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