The sequence of budget is as follows:
Capital budget (Long-Term) and once it has been set it's too difficult to adjust it. Then we start setting the Operational budget (Sales, Production, and it ends by setting the proforma financial statements. Then we set the financial budget which is concerns the methods of financing the business
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Muhammad Afaq , SENIOR FINANCIAL ACCOUNTANT , United Eddy Company (United Yousef M. Naghi Group)
As per my poor knowledge the orderd is as follows:
Master budget
Operational budget
Cash flow budget/Sales budget : manage the shortfall between expenses and sales
financial budget
and static budget
Pro forma Income statement: it is being prepared for a specific planned transactions such as merger, or acquisition etc
