The master budget normally covers:

Name: The master budget normally covers:
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The master budget typically covers a period of one year, and includes all of the budgeted financial statements (such as the income statement, balance sheet, and cash flow statement) for that period. It is an important tool for planning and controlling an organization's finances. While some organizations may create longer-term budgets for strategic planning purposes, the master budget is typically focused on a one-year period.

The Master Budget Normally Covers