What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?

Question

Shaun Munoz

Business

13 July, 20:14

What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?

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Answers (1)

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Tucker · Answer 1

Master budget is an expensive strategy and some of the major elements that form the master budgets are the over head and the production the cost and the expenses. The budgeting process is master budgeting and it is always effective

Explanation:

Master budgeting is something that includes the future calculated value and the future income and the expenses of the company and the level at which the expenses are maintained are all contained in the master budget

There are two types of budgets the operational budgets and the financial budgets and the main elements of the master budgets are the overall incomes and the expenses the future investments the predicted total production of the company are all taken into account