Expert answer:Components of the Master Budget

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Expert answer:Components of the Master Budget A master budget provides an overarching view of an organization’s goals and expectations for the future. Due to its all-encompassing nature, there can be many components which are found in a master budget, each related to a different business operation or department. For this Application, you will analyze the master budget and its components in greater detail. In a 2- to 3-page paper, address the following: For each section of the master budget, describe its purpose, the type of information that would be contained in that particular section, and the importance of that budget section to the success of the company.Comment on why each budget piece must be created in that specific order. For example, why does the sales budget have to come before the production budget? References: http://accountingexplained.com/managerial/master-b… Shim, J. K., & Siegel, J. G. (2012). Budgeting basics and beyond (4th ed.). Hoboken, NJ: John Wiley & Sons. Accounting explained.com. 2013. Production budget. Retrieved from: http://accountingexplained.com/managerial/master-budget/production Freedman, J., 2017. Small Business Chron.com. How to Complete a Master Budget in Managerial Accounting http://smallbusiness.chron.com/complete-master-budget-managerial-accounting-55976.html

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