American Journal of Business Education Laux, J. (2012). Topics in finance part IX–working capital management. American Journal of Business Education

American Journal of Business Education
Laux, J. (2012). Topics in finance part IX–working capital management. American Journal of Business Education (Online), Iss 5 Vol 6, p633

In this article, Laux highlights the importance of importance of a master budget with respect to the overall working capital of the company. In addition to providing a snap shot of the overall accounting framework of the company, the master budget serves as a guiding light for executives in case of mergers, acquisitions and estimating future revenue. The overarching master budget also serves as a frame work for executives to identify sub-entities within the organization and their economic performance over a period of time.

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Wang, C. (2017). A brief discussion on the comprehensive budget of industrial enterprises.