Week 4 DQ - A master budget is a detailed and comprehensive...

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A master budget is a detailed and comprehensive analysis of an organization’s long- and short-term goals. Identify the major inputs to the master budget and the usefulness of each. Additionally, why would a company need to create a master budget? What are the advantages and disadvantages? The major inputs to the master budget usually consists of the  following:   A cash budget, a very useful budget that allows the manager to  know if projected funds funds will properly finance the operations  of the company and how new company ventures may be financed.   A budgeted income statement, a statement that projects how the  company will do for its shareholders as it progresses through the  term covered by the budgeted income statment.   And finally a budgeted balance sheet that will allow the manager to  determine how the projected operations will affect debt to equity 
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This note was uploaded on 10/05/2010 for the course ACC ACC561 taught by Professor David during the Spring '10 term at University of Phoenix.

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Week 4 DQ - A master budget is a detailed and comprehensive...

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