The master budget is a set of interrelated budgets that constitutes a plan of action for a specified time period.
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Operating budget
Financial budget
Sales budget
Production budget
Direct materials budget
Direct labor budget
Manufacturing overhead budget
Selling and administrative expense budget
Capital expenditure budget
Cash budget
Budgeted balance sheet
The
TheFinancial Supervisory Service and National Tax Service.
To cover up a tax investigation of SPC,
To lower judge level following the result of the audit and prevent suspension of business
1. Maintenance of Government's exclusive financial monitoring systems .
The improvement of the efficiency, credibility, expertise in process of Administration
2. Reinforcing the supervisory
excessive dept of K Water, lack of communication between government and people, disutility of public admistration.
If Korea Water Resources Corporation take approximately 6 trillion won the Government ordered, in inspection of the excessive debt problem of public enterprises, the rate of debt skyrockets from 28% in 2009 to 139% in 2013 so that thefinancial safety would be seriously weakened.
Administrative 5,517,000 4,149,000 3,761,000
Total Operating Expenses 7,299,000 5,482,000 4,870,000
Operating Income or Loss 18,385,000 11,740,000 6,275,000
Income from Continuing Operations
Total Other Income/Expenses Net 155,000 326,000 620,000
Earnings Before Interest And Taxes 18,540,000 12,066,000 6,895,000
Interest Expense - - -
Income
a part of operating capital
EBIT
Earnings before interest and taxes
EBIT = operating income + Non-operating income
Operating income = Revenue – Operating expenses
operating expenses = Cost of Goods Sold + Selling, general and administrative expenses
Non-operating income = business outside benefit - business outside expense
Ability to earn cash, when the depreciations are low.