A master budget is a summary of a company's plans in which specific targets are set for sales, production, distribution, and financing activities and that generally culminates in a cash budget, budgeted income statement, and budgeted balance sheet (www.mcgrawhill.ca/college/garrison5/student/olc/5mag). The "Analyzing the Master Budget" simulation summary takes you through different scenarios where changes occur in the master budget. These changes require that you analyze the impact and make …showed first 75 words of 624 total…

…showed last 75 words of 624 total…of communication, support from upper-level management, participation from various personnel, and predictive characteristics". (p. 18). You cannot complete a budget without the input from all departments. Doing so is like taking a three legged dog to the track, he may be able to run, but he will never win. References: Evans, Matt H. (2003). Course 2: Excellence in Financial Management. Financial Planning and Forecasting. http://www.exinfm.com/training/pdfiles/course02.pdf Appendix A Appendix B Appendix C