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The Master Budget

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This video describes the master budget, a series of interrelated budgets that set the course for an organization's sales, production, and financial goals. Beginning with the sales budget, each budget is briefly explained and the interrelationships among the various budgets are highlighted as well. The process ultimately yields a cash budget, budgeted income statement, and budgeted balance sheet.
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Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
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Опубликовано:

5 сен 2024

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Комментарии : 79

@jordondegroote9398 5 лет назад

"I don't want to draw too many lines because it's already starting to look pretty ugly" *draws symmetrical color-coded flow chart that organizes the lesson neatly and succinctly.*

@thedjodum Год назад

You noticed too. He broke the lesson down pretty well.

@silverado7253 6 лет назад

you are the Kahn academy of accounting!

@kgaugelomosetlhe7449 5 лет назад

I was just thinking that!👍

@emmalineeldridge5211 4 года назад

oh dang, I didn't realize this WASN"T kahn academy!

@DaisyGeekyTransGirl 7 лет назад

You explain things my textbook needs to explain.

@Edspira 7 лет назад

Some accounting textbooks are only good for curing insomnia :)

@slayerindisguise 6 месяцев назад

You were able to deliver a very detailed summary on this topic. Way better than my book and professor combined. Thank you!

@portiagriffey4403 5 лет назад

I have my exam next week. I love all your video - so clear and trusted information, your knowledge is a gold mine, with good examples. Thank you.

@Edspira 5 лет назад

Thanks. Best of luck on your exam!

@Dog4lv2d 7 лет назад

Love watching a video over reading a book... Thank you!

@Edspira 7 лет назад

No problem! Reading an accounting textbook is only useful when you can't get to sleep at night :)

@budooralblooshi2926 7 лет назад

Education Unlocked

@christmasisawesome9348 6 лет назад

I love how to you give us an example of each budget. It really helped me understand the concept of each budget.

@maleaccountant7198 5 лет назад

Thanks for these videos. Exams are coming up and I'm gonna need that cpa license

@nwarner22190 6 лет назад

Your videos are great for helping me study and grasp concepts! Thank you for the time you dedicated to your videos! Awesome teacher!

@Edspira 6 лет назад

No problem, I'm happy to help!

@NurafiqahYusof 4 года назад

omg, your videos are so helpful! i'm watching them in preparation for my finals and they're making my lecture notes that much clearer and everything just clicks! thank you so much!

@ivymaranatha4128 3 года назад

Who is here in 2020? Clear explanations right here !

@comic90210 6 лет назад

Absolutely fantastic job. Everything is crystal clear now! Thank you. :)

@Edspira 6 лет назад

Great!

@ItsMickSay 7 лет назад

You're such a great tutor and you make everything simple and understandable. i just wish you'd make tutorials on advanced accounting 2 topics I'm having hard time with. (partnership and Corporation liquidation, home office and branch, business combination etc.) I owe you big time Sir! God bless and more power EU!

@landonfulcher1414 Год назад

Hey bro, just stopping back in to let you know again how much you have helped. Another video i watched after an hour lecture that I learned more from the video than the hour lecture.

@tfulsom6341 7 лет назад

I went to your website and brother you are awesome! Your videos have opened up my eyes to the world of accounting. Thank you!

@Oddetsings 3 года назад

thank you my guy you gave me in eleven minutes what my teacher didnt do in an hour

@brendamarhanka5413 4 года назад

These videos by Edspira have helped me so much! Thank you!

@2000hwhump 4 года назад

Terrific presentation and explanation of the content. Thank you!!!

@badass8808 4 года назад

Plz keep up doing the good work... Totally love your work... I wish I could get teacher like you in class

@Edspira 4 года назад

Maybe one day!

@Alexandrine-ti3uf 6 лет назад

Thank you so much. You're a lot better than my textbook

@Edspira 6 лет назад

Thanks!

@mimiesdiaries 3 месяца назад

You nailed this

@josephmainez9319 6 лет назад

Great video, thank you.

@Edspira 6 лет назад

Happy to help!

@rettichritter3936 5 лет назад

Thank you a lot! great Job. Now i understood the Masterbudget.

@enriquebn4853 4 года назад

Thank you so much. btw the extra stems that you added weren't confusing I'm glad you added SGA expense so I can connect it to the IS in my head. The book is too confusing.

@eebisafekadu5487 3 месяца назад

4. The Harro Card Company, a producer of specialty cards, has asked you to complete several calculations based upon the following information: Income tax rate 30% Selling price per unit Br 6.60 Variable cost per unit Br 5.28 Total fixed costs Br 46,200.00 Required: A. What is the breakeven point in cards? B. What sales volume is needed to earn an after-tax net income of Br 13,028.40? C. How many cards must be sold to earn an after-tax net income of Br 18,480? 5. Lensa Corporation has the following budgeted sales for the next six-month period: Month Unit Sales

@lindam4249 5 лет назад

Great Job Ed spira! Your explanation make understanding finance a breeze!

@habibahussien46 5 лет назад

thanks for making it more easier to me

@sadafm8757 4 года назад

If you started this RU-vid channel earlier, I might have not had to change my major from accounting to commerce. Lol.

@sarahgonzales7104 3 года назад

Such great information. Thank you!!

@yiweixue103 7 лет назад

Good cause! Very appreciate what you've contributed to education!

@treasure3355 3 года назад

Thank you for these videos

@user-ws5wi8lv4m 7 лет назад

Thank you.. you'r interpretation is important value for me

@kidsstorytime1573 10 месяцев назад

who is here 2023?

@musicera4473 5 месяцев назад

It's 2024 😅

@faruonline5079 3 месяца назад

😢2024

@tomishauib1737 3 месяца назад

2024

@faruonline5079 2 месяца назад

2024 june19😮

@MrMastercc 8 лет назад

brilliant

@Edspira 8 лет назад

Thank you sir!

@matthewsattam1982 8 лет назад

Awesome videos, man.

@Edspira 8 лет назад

+Matthew Sattam Thank you sir!

@zeemensah5670 3 года назад

Thank you so much 😭😭😭😭😭

@Edspira 3 года назад

Welcome 😊

@allentian3009 3 года назад

clear explanation.

@max-zl1vm 8 лет назад

Great videos! Keep it up! they help me so much!!!!

@priyas1996 7 лет назад

Thank you!! Amazing job.

@Romeo-gp7ms 6 лет назад

very useful and very well explained.

@Edspira 6 лет назад

Thanks Robin Kim!

@waynepearce1520 6 лет назад

This is wonderful thank you

@cebomgi9540 4 года назад

Thank you

@marcosgprep2016 5 лет назад

Thank you sir 🙏🏼

@1o7e 6 лет назад

Thank you so much!! Much love

@Edspira 6 лет назад

No problem!

@SonogniniScience 5 лет назад

Can you please turn on the CC for this video for hearing impaired students.

@slydoskibelieveinc.7748 3 года назад

Thanks

@gareishastewart379 4 года назад

great job!

@nightgazer60 7 лет назад

Love your videos I am really struggling with some parts of the budget process. Is it possible to get the transcript of this video for course notes? Pretty Please???

@Edspira 6 лет назад

I don't actually make any course transcripts for my videos prior to making them. Sorry! I do have 8 videos on budgets though. You can see them here: edspira.com/lessons/budgets

@hatem4472 2 года назад

In our univeristy course, we have revenue budget instead of sales budget and budgeted profit statement instead of income statement. Are they synonyms or do they have different meanings?