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Managerial accounting - budgeting

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Budgets are pervasive across all types of organizations.Outline the budgeting process in a company or by using your imagination,explain the logical flow represented in the master budget, beginning with the organization goals and ending with the pro forma financial statements.

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The discussion explains that the logical flow starts with what the market place demands and then works it way through what is needed to supply that demand, starting with production ingredients and then general business and selling functions.

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The logical flow starts with what the market place demands and then works it way through what is needed to supply that demand, starting with production ingredients and then general business and selling functions.

Managerial accounting
Budgets are pervasive across all types of organizations. Outline the budgeting process in a company or by using your imagination, explain the logical flow represented in the master budget, beginning with the organization goals and ending with the pro forma financial ...

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Carol Sargent, PhD
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  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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