The master budget generally starts with a sales forecast.

Name: The master budget generally starts with a sales forecast.
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The master budget is a comprehensive plan that includes all of the budgets needed by an organization. It typically starts with a sales forecast, which is used to estimate the level of sales for the budget period. Once the sales forecast is established, the other budgets, such as production, procurement, and operating expenses, can be developed.

The Master Budget Generally Starts with a Sales Forecast