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Budget Starting Point

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What budget is the starting point in preparing the master budget? What may result if this budget is inaccurate?

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What budget is the starting point in preparing the master budget? What may result if this budget is inaccurate?

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The sales budget is the starting point in preparing the master budget. All budgetary information is built from the sales budget because it shows the expected level of sales for the period. Based on expected sales, management can then plan their purchases, needs, and all areas of expense on that specific anticipated sales level. If the sales budget is inaccurate, it will produce an inaccurate master budget because the master budget is built off ...

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