Master Budget Master Budget Definition The master budget is the aggregation of all lower-level budgets produced by a company’s various functional areas‚ and also includes budgeted financial statements‚ a cash forecast‚ and a financing plan. The master budget is typically presented in either a monthly or quarterly format‚ and usually covers a company’s entire fiscal year. An explanatory text may be included with the master budget‚ which explains the company’s strategic direction‚ how the master
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“Team B” Flexible Budget Tenecia Blevins‚ Zokieya Canida‚ Robert Edmonds‚ Carl Hignite‚ Harold Smith Accounting - ACC/561 September 1‚ 2014 Myrtle Clark Flexible Budget Organizations in today’s ever-changing global market make use of budgeting to help measure performance‚ plan‚ and control its business operations. Organizational leaders make use of flexible budgets to help take into consideration; various uncertainties that may emerge after business operations commence. According to Kimmel
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Introduction of cash budgeting Cash budget is a inputs and outputs of a business or a individual over a long period of time (e-conomic‚ 2013). A cash budgeting is relate to a organisation’s plan to plan ahead and to plan ahead of the future in a company. It usually expressed it as numbers of cash budgeting. The main objective of preparing cash budget is to ensure that the cash is sufficient for the purpose of capital or revenues expenditure. It is also to have cash in advanced in the case of shortage
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Generally An estimate of income and expenditure for a set period of time is called budget. A budget is a financial document used to project future income and expenses. The budgeting process may be carried out by a country‚ individuals or by companies to estimate whether the country /person/company can continue to operate with its projected income and expenses. The finance minister‚ AMA Muhith‚ has proposed national budget for fiscal year 2012-13 on June 7‚ 2012 with a total outlay of Tk 1‚91‚738 crore
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NTPC (NATIONAL THERMAL POWER CORPORATION) INTRODUCTION: NTPC Limited is the largest thermal power generating company of India. A public sector company‚ it was incorporated in the year 1975 to accelerate power development in the country as a wholly owned company of the Government of India. At present‚ Government of India holds 89.5% of the total equity shares of the company and the balance 10.5 is held by FIIs. Domestic Banks‚ Public and others. Within a span of 31 years‚ NTPC has emerged as
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Unit 330 Agree a Budget Before developing a draft budget I have the previous financial year’s budget‚ income statements and the cash flow for my consideration within the future budget. It was really helpful although the new orders are due within the next year and I had to recalculate income and variable expenses. I have prepared a list of all the incomes and expenses and put them together to use as estimations for developing a draft budget. This list should always be prepared before the start
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( http://www.accountingformanagement.com/production_budget.htm ) Production Budget: Learning Objective of the article: 1. Define and explain production budget. 2. Prepare a production budget. Definition and Explanation of Production Budget: The production budget is prepared after the sales budget. The production budget lists the number of units that must be produced during each budget period to meet sales needs and to provide for the desired ending inventory. Production needs can be
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History of Indian Budget India’s first Finance Minister Sir R.K. Shanmugham Chetty‚ presented the first Finance Budget of independent India on November 26‚ 1947. Since then‚ 28 differentUnion Finance Ministers have been presenting the budget year after year. Initially‚ major attention was paid towards the agriculture sector but as the economy evolved‚ the focus shifted from agriculture to other sectors like industrial‚ financial etc. During the early the fifties‚ Indian budget highlights revolved
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opportunities for us to improve ourselves. Choosing a career is an unavoidable decision for anyone who wants to pursue his or her tertiary education. Therefore‚ it is very important to consider several factors carefully when choosing a career. In this article‚ we will look at four crucial factors to consider when choosing a career. Firstly‚ we should consider satisfaction when we are choosing a career. If we can get satisfaction from a career‚ we will stay motivated and enthusiastic throughout the
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If you were the Principal of your school... The Principal of your home school has taken a leave of absence and you have been appointed to fill in during his absence. What are the three main changes you would make to your school to make learning easier for you and the students? I would make some classes shorter. I would have lots of fun. I will let some things go if the kids are getting their work done. DA The first thing I would do is make my classes smaller. At my home school it is about
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