Guidance for preparing a master budget is usually the responsibility of:

Question

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The responsibility for preparing a master budget usually rests with a budget committee, which is typically made up of members from various departments within the organization. The budget committee is responsible for gathering information, setting goals and targets, and developing the budget. While senior management may provide overall guidance and direction, the budget committee is typically responsible for the day-to-day preparation and management of the budget.

Guidance for Preparing a Master Budget Is Usually the Responsibility