Master budget, debtors' and creditors' schedules and the cash budget

What this note covers

1. The master budget and its three components
2. Purpose and importance of the cash budget
3. Building the debtors' schedule
4. Building the creditors' schedule
5. Assembling the cash budget
6. What belongs in a cash budget and what must stay out
7. How master and cash budgeting is examined

7 sections · 12 key terms & formulas · 6 common mistakes