[In Process] 58513 – The success of a business is often dependent

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The of a is on its ability to effectively manageits Master budget. The Master budget is a collection of interrelated budgets, eachrelated to one or more units of the organisation. The performance ofeach unit manager is thereby influenced by their budget/s.Your task is to write a report on the significance of the Master budget on thesuccess of a . As part of your report, you are required to explain:1. THREE (3) of the budgets of the Master Budget (one of them being theCash Budget) and how they relate to each other. (400 – 600 words)2. TWO (2) units (i.e. departments within a ) and how theirmanager’s performance is affected (i.e. judged or gauged) by at least ONEof the budgets mentioned above. (300 – 500 words)3. How adherence to the budget affects the ’ overall profitability.(i.e. how and why budgeting in is ). (100-200 words).In addition to an introduction and conclusion (100 words each), your report shouldbe between 1,000 and 1,500 words. You are also required to use in-textreferencing and a reference list APA referencing.

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