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master budget

The total set of budgets, statements, and accounts needed for the operation of a business, including the income statement, the cash flow statement, the balance sheet, and budgets for operations, finance, sales, production, and other functional divisions of the business.

Related information about master budget:
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    The master budget is a summary of company's plans that sets specific targets for sales, production, distribution and financing activities. It generally culminates in ...
     
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    Preparing a master budget every year as a step in the budgeting process is the best way to operate a business. The master budget includes the operating ...
     
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    A master budget is a set of interconnected budgets of sales, production costs, purchases, incomes, etc. and it also includes pro forma financial statements.
     
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    Definition of master budget: A budget that summarizes and integrates all the individual budgets within an organization.
     
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  7. What Is a Master Budget?
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  8. 61 CHAPTER 6 MASTER BUDGET AND RESPONSIBILITY ...
    The master budget expresses management's operating and financial plans for a specified period (usually a fiscal year) and includes a set of budgeted financial ...