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.

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

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