Lecture Managerial accounting: Creating value in a dynamic business environment (10th edition): Chapter 9 - Ronald W. Hilton, David E. Platt

Chapter 9 - Financial planning and analysis: The master budget. After completing this chapter, you should be able to: Explain the relationship between financial planning and analysis and the master budget; list and explain five purposes of budgeting; describe the similarities and differences in the operational budgets prepared by manufacturers, service-industry firms, merchandisers, and nonprofit organizations;...