Master Budget

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 a cash budget, abudgeted income statement, and a budgeted balance sheet. In short, this budget represents a comprehensive expression of management’s plans for future and how these plans are to be accomplished.

Master Budget Definition

Master Budget Definition: Master Budget is a summary of a company’s plans in which specific targets are set for sales, production, distribution, and financing activities and that generally culminates in a cash budget, budgeted income statement, and budgeted balance sheet. Learn More About Master