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Unformatted text preview: than the budget Unfavorable variance – actual costs are greater than budgeted or actual revenues are less than budgeted Rolling budget – prepared frequently for overlapping time periods and actual results may be used to update the budget for the next period; many organizations use rolling budgets because they incorporate more current info than either static or flexible budgets Cash budget – prepared after the operating budgets; they contain receipts, disbursements and short-term borrowings or investments Master budget – a comprehensive plan for an upcoming financial period, usually a year; reflect an organization’s future operating and financing decisions, and are often summarized in a set of budgeted financial statements...
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This note was uploaded on 04/19/2008 for the course AIM 3341 taught by Professor Thompson during the Spring '08 term at University of Texas at Dallas, Richardson.
- Spring '08