Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
The master budget is composed of three parts:
- the operating budget,
- the capital expenditure budget, and
- the cash or financial budget.
The operating budget is further decomposed into
- the sales budget,
- the cost of goods sold budget, and
- operating expenses budget.
The budgeting process always starts with the sales budget.
- 12989 reads
