MASTER BUDGET Definition

Bookmark and Share

MASTER BUDGET formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statements. However, dependent upon the individual or geographic location, is variously contains the cash budget only; or the income statement and the balance sheet combined; or the income statement and the balance sheet and the cash budget combined.

Learn new Accounting Terms

ACCRUED INVENTORY functions as a "clearing" account to establish a liability for inventory physically received into the warehouse, but for which a vendor invoice had not yet arrived.

BUNDESBANK is the German central bank.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.