Difference between revisions of "Master budget"
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Master budget]]. Expression of management's operating and financial plans for a specified period (usually a fiscal year) including a set of budgeted financial statements. Also called pro forma statements. | :[[Master budget]]. Expression of management's operating and financial plans for a specified period (usually a fiscal year) including a set of budgeted financial statements. Also called pro forma statements. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Master budget]]. The comprehensive planning document for the entire organization. The master budget includes the operating budgets and the financial budgets. | ||
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 12:48, 15 July 2020
Master budget is expression of management's operating and financial plans for a specified period (usually a fiscal year) including a set of budgeted financial statements. Also called pro forma statements.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Master budget. Expression of management's operating and financial plans for a specified period (usually a fiscal year) including a set of budgeted financial statements. Also called pro forma statements.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Master budget. The comprehensive planning document for the entire organization. The master budget includes the operating budgets and the financial budgets.
