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The Master Budget

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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Пікірлер: 79

  • @jordondegroote9398
    @jordondegroote93985 жыл бұрын

    "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

    @thedjodum

    Жыл бұрын

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

  • @DaisyGeekyTransGirl
    @DaisyGeekyTransGirl7 жыл бұрын

    You explain things my textbook needs to explain.

  • @Edspira

    @Edspira

    7 жыл бұрын

    Some accounting textbooks are only good for curing insomnia :)

  • @silverado7253
    @silverado72536 жыл бұрын

    you are the Kahn academy of accounting!

  • @kgaugelomosetlhe7449

    @kgaugelomosetlhe7449

    5 жыл бұрын

    I was just thinking that!👍

  • @emmalineeldridge5211

    @emmalineeldridge5211

    4 жыл бұрын

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

  • @slayerindisguise
    @slayerindisguise5 ай бұрын

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

  • @portiagriffey4403
    @portiagriffey44035 жыл бұрын

    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

    @Edspira

    5 жыл бұрын

    Thanks. Best of luck on your exam!

  • @christmasisawesome9348
    @christmasisawesome93486 жыл бұрын

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

  • @Dog4lv2d
    @Dog4lv2d7 жыл бұрын

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

  • @Edspira

    @Edspira

    7 жыл бұрын

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

  • @budooralblooshi2926

    @budooralblooshi2926

    7 жыл бұрын

    Education Unlocked

  • @maleaccountant7198
    @maleaccountant71985 жыл бұрын

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

  • @NurafiqahYusof
    @NurafiqahYusof4 жыл бұрын

    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!

  • @nwarner22190
    @nwarner221906 жыл бұрын

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

  • @Edspira

    @Edspira

    6 жыл бұрын

    No problem, I'm happy to help!

  • @brendamarhanka5413
    @brendamarhanka54134 жыл бұрын

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

  • @comic90210
    @comic902106 жыл бұрын

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

  • @Edspira

    @Edspira

    6 жыл бұрын

    Great!

  • @ivymaranatha4128
    @ivymaranatha41283 жыл бұрын

    Who is here in 2020? Clear explanations right here !

  • @lindam4249
    @lindam42495 жыл бұрын

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

  • @tfulsom6341
    @tfulsom63417 жыл бұрын

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

  • @ItsMickSay
    @ItsMickSay7 жыл бұрын

    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!

  • @Oddetsings
    @Oddetsings3 жыл бұрын

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

  • @rettichritter3936
    @rettichritter39365 жыл бұрын

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

  • @2000hwhump
    @2000hwhump4 жыл бұрын

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

  • @sadafm8757
    @sadafm87574 жыл бұрын

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

  • @yiweixue103
    @yiweixue1037 жыл бұрын

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

  • @user-ws5wi8lv4m
    @user-ws5wi8lv4m7 жыл бұрын

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

  • @priyas1996
    @priyas19967 жыл бұрын

    Thank you!! Amazing job.

  • @max-zl1vm
    @max-zl1vm8 жыл бұрын

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

  • @landonfulcher1414
    @landonfulcher1414 Жыл бұрын

    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.

  • @enriquebn4853
    @enriquebn48534 жыл бұрын

    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.

  • @sarahgonzales7104
    @sarahgonzales71043 жыл бұрын

    Such great information. Thank you!!

  • @habibahussien46
    @habibahussien465 жыл бұрын

    thanks for making it more easier to me

  • @waynepearce1520
    @waynepearce15205 жыл бұрын

    This is wonderful thank you

  • @mimiesdiaries
    @mimiesdiaries3 ай бұрын

    You nailed this

  • @treasure3355
    @treasure33553 жыл бұрын

    Thank you for these videos

  • @marcosgprep2016
    @marcosgprep20164 жыл бұрын

    Thank you sir 🙏🏼

  • @badass8808
    @badass88084 жыл бұрын

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

  • @Edspira

    @Edspira

    4 жыл бұрын

    Maybe one day!

  • @Alexandrine-ti3uf
    @Alexandrine-ti3uf6 жыл бұрын

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

  • @Edspira

    @Edspira

    6 жыл бұрын

    Thanks!

  • @josephmainez9319
    @josephmainez93196 жыл бұрын

    Great video, thank you.

  • @Edspira

    @Edspira

    6 жыл бұрын

    Happy to help!

  • @cebomgi9540
    @cebomgi95404 жыл бұрын

    Thank you

  • @gareishastewart379
    @gareishastewart3794 жыл бұрын

    great job!

  • @allentian3009
    @allentian30093 жыл бұрын

    clear explanation.

  • @1o7e
    @1o7e6 жыл бұрын

    Thank you so much!! Much love

  • @Edspira

    @Edspira

    6 жыл бұрын

    No problem!

  • @matthewsattam1982
    @matthewsattam19828 жыл бұрын

    Awesome videos, man.

  • @Edspira

    @Edspira

    8 жыл бұрын

    +Matthew Sattam Thank you sir!

  • @slydoskibelieveinc.7748
    @slydoskibelieveinc.77482 жыл бұрын

    Thanks

  • @arcelestrella9482
    @arcelestrella94825 жыл бұрын

    This vid is amazing. hi nicolette an fam☺️

  • @Romeo-gp7ms
    @Romeo-gp7ms6 жыл бұрын

    very useful and very well explained.

  • @Edspira

    @Edspira

    6 жыл бұрын

    Thanks Robin Kim!

  • @nightgazer60
    @nightgazer606 жыл бұрын

    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

    @Edspira

    6 жыл бұрын

    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
    @hatem44722 жыл бұрын

    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?

  • @SonogniniScience
    @SonogniniScience5 жыл бұрын

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

  • @MrMastercc
    @MrMastercc8 жыл бұрын

    brilliant

  • @Edspira

    @Edspira

    8 жыл бұрын

    Thank you sir!

  • @zeemensah5670
    @zeemensah56702 жыл бұрын

    Thank you so much 😭😭😭😭😭

  • @Edspira

    @Edspira

    2 жыл бұрын

    Welcome 😊

  • @kidsstorytime1573
    @kidsstorytime15739 ай бұрын

    who is here 2023?

  • @musicera4473

    @musicera4473

    4 ай бұрын

    It's 2024 😅

  • @faruonline5079

    @faruonline5079

    3 ай бұрын

    😢2024

  • @tomishauib1737

    @tomishauib1737

    3 ай бұрын

    2024

  • @faruonline5079

    @faruonline5079

    Ай бұрын

    2024 june19😮

  • @nomam7358
    @nomam73584 жыл бұрын

    Ok i think il be good here😘👌🏽

  • @thatbadhuh
    @thatbadhuh4 жыл бұрын

    Sales budget is also the revenue budget

  • @eebisafekadu5487
    @eebisafekadu54873 ай бұрын

    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

  • @natipuffxkid3738
    @natipuffxkid37382 жыл бұрын

    that's a lot of budgets

  • @Trucking_Dynasty
    @Trucking_Dynasty2 ай бұрын

    2024

  • @eebisafekadu5487
    @eebisafekadu54873 ай бұрын

    do it

  • @AnaRuiz-ne8tj
    @AnaRuiz-ne8tj Жыл бұрын

    Why don't you have transcripts on your videos? :( definitely an acessibility issue...

  • @raullugaypapasjr6353
    @raullugaypapasjr63532 жыл бұрын

    Ahhh ouh lpp