MASTER BUDGET

MASTER BUDGET

1. es

   • Main budget of your company
     • the culmination of a whole planning process

2. understands

   • all areas of your business
     • as
       • sales, production, purchases, etc.

3. It consists of

   • operating budget
     • define what your profit will be
   • financial budget.
     • you will know what the situation is financial of your company

4. importance

   • project or estimate expenses and income of a company that can be short or long term

5. Benefits

   • Define basic objectives of the company
     • Determine authority and responsibility for each of the divisions
       • It facilitates the control of activities.
         • Allows self-analysis of each period
           • The resources of the company must be managed effectively and efficiently