master budget

What is a master budget?

Answer guide: The master budget will normally represent a summary of the individual functional budgets of the organization as a whole.

Coordinate cross-company actions dynamically according to prevailing customer demand rather than a predetermined annual master budget.

Finally, the budgets are collected into one Master Budget, which is effectively a statement of budgeted Profit and Loss together with a projected Balance Sheet.

Prepare a master budget table using â SF-424A Budget Information for Non-Construction Programsâ (aka SF-424A), available in the Grants.gov electronic application package and also at the Forms and Standard Instructions Download Page.

For example, operating decisions regarding the range of products to be made and sold would normally be made prior to the completion of the functional and master budgets, but these decisions when considered as a whole within the budgeting framework may be reconsidered and amendments made to the range.