master budget


The total set of budgets, statements, and accounts needed for the operation of a business, including the income statement, the cash flow statement, the balance sheet, and budgets for operations, finance, sales, production, and other functional divisions of the business.

Use master budget in a sentence

We needed to form a master budget, so we would know exactly what we needed for the company and how to implement it.

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The president and CEO of ABC Corporation directed his accountants to create a master budget to help him determine if there will be enough room for employee bonuses in 2016

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When he looked over the paper work from the last year, he saw that the master budget they had targeted for the coming year was going to be grossly inadequate to cover the skyrocketing cost of raw materials

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