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Master Budgets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Master Budgets

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by AvatarJohn Moffat.
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  • March 24, 2015 at 11:15 pm #238629
    AvatarRachel
    Member
    • Topics: 23
    • Replies: 12
    • ☆

    I just did an exercise from the Kaplan book that had me basically construct (by filling out the blanks) a master budget which of course included Statement of Financial Position and Budgeted Income Statement. I know that in the lectures we mostly covered Functional budget construction. Given the fact that most of the question on this subject are mostly going to be “written,” (using Mr. Moffat’s words 🙂 ), what is the probability we are asked to construct master budgets?

    Thanks,
    Rachel

    March 25, 2015 at 7:09 am #238681
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    The probability is very small.
    By “written” what I mean is that any questions on master budgets are likely to be simply testing that you know what they are.

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