The master budget is the set of budgeted financial statements and supporting schedules in the entire organization.

Name: The master budget is the set of budgeted financial statements and supporting schedules in the entire organization.
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The master budget typically includes budgeted income statements, balance sheets, and cash flow statements, as well as supporting schedules such as sales forecasts and production budgets. It is a comprehensive financial plan for the entire organization.

The Master Budget Is the Set of Budgeted Financial Statements