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Hello and thank you dor this amazing site it helped me alot with my studies but why there is nothing mentioned about the master budget? I’m finding difficulity with the statement of financial position. Will there be a new lecture about master budget? Please and thank you
With regard to the master budget, I certainly do mention it in my lectures.
You cannot be asked to prepare a master budget – you just need to be aware of what it is meaning.As far as the Statement of Financial Position is concerned – again, you cannot be asked to prepare one in Paper F2 (the detail is all examined in Paper F3). You only need to know what it basically is, not how to prepare it.
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