acc_561_week_5_dq_2.doc

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acc_561_week_5_dq_2.doc

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Running head: MASTER BUDGETSMaster BudgetsYOUR NAME(S)ACC/561DATEPROFESSORS NAMEMaster BudgetsMajor inputs to the master budget A master budget can be thought of as an all-inclusive financial plan of the allocation of financial resources. In general, budgeting assists with both controlling and planning an organizations activities (Horngren, Sundem, Stratton, Burgstahler, & Schatzberg, 2008). A master budget is comprised of operating budgets that pertain to all facets of an organization. It sets expectations for expenses, sales, volume, and other upcoming transactions. It primarily consists of a pro-forma income statement, pro-forma balance sheet, and a cash budget (Harvard Business School, 2005). Accordingly, the major inputs that are necessary to prepare master budget are the sales forecast (budgets), growth rate, inflation (potential cost increases), [total] co

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