The budgeting process - The master budget
4 important questions on The budgeting process - The master budget
What is an other term for the budgeted income statement and the budgeted balance sheet?
Pro forma financial statements: They show projections rather that actual results
Name the operating budgets for a Manufacturing organization
1. Sales budget
2. Production budget
3. Direct materials, labour and overhead budget
4. Budgeted income statement
5. Cash budget
6. Budgeted balance sheet
Name the operating budgets for a Retail organization
1. Sales budget
2. Purchases budget
3. Selling and administrative expense budget
4. Costs of goods sold budget
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Name the operating budgets for a Service organization
1. Service revenue budget
2. Labour, Service overhead and selling and administrative expense budget
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