ACC 561 Week 4 DQ (Master Budget2)in Accounting by Cramster
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ACC 561 WEEK 4 DQ
Assessed DQ: Master Budget
The major inputs to the master budget usually consist of three parts:
1) 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.
2) 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.
3) A budgeted balance sheet that will allow the manager to determine how the projected operations will affect debt to equity and owner's value for the company.