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Master budget reflection

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Master Budget Reflection

Prior to beginning work on this discussion forum, read Chapters 6, 7, and 8 in your textbook.

Many organizations operate with an annual budget as their guide. This helps the organization ensure that their spending relates to their strategic goals and acts as a tracking measure of progress each accounting period. In your own words, explain the concept of a master budget and explain each of the sub-budgets that are created to support the creation of that master budget. List these sub-budgets in the order in which they would be prepared to arrive at the end result, the master budget.

Reference no: EM133151063

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