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Discuss how various budgets interact with each other – example could be the cash budget and...

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Finance

Discuss how various budgets interact with each other – examplecould be the cash budget and the sales and purchases budget or thecapital budget and the cash budget and the budgeted balance sheet?How can we use budgets to create a set of pro-forma financialstatements to serve as targets for management and investors aliketo track our performance against?

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Various budgets interact with each other because few elements of a budget are derived or depended on some elements of another budget and because few elements of different budget bear a common financial or accounting transaction For example take the case of a cash budget A cash budget is tied to a companys    See Answer
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Discuss how various budgets interact with each other – examplecould be the cash budget and the sales and purchases budget or thecapital budget and the cash budget and the budgeted balance sheet?How can we use budgets to create a set of pro-forma financialstatements to serve as targets for management and investors aliketo track our performance against?

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