Master budget
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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.
