ASSIGNMENT: BUDGETING CASE OBJECTIVE The key objectives of this assignment are for students to create master budget supporting schedules, apply key concepts to solve a comprehensive budgeting case and collaborate in small groups in discussing budgeting ideas learnt during this course. This seeks to enhance student's grasp of the critical role budgeting and budgetary control plays in effectively carrying out a management accountant's responsibilities. LEARNING OUTCOMES This assignment aligns with the following learning outcomes stated in the course syllabus: Prepare a master budget including the supporting components and schedules Prepare and analyze financial statements using various costing approaches. STRUCTURE AND EXPECTATIONS This assignment is based on Knockoffs Unlimited (Case 9-27). The assignment has modified the numbers in the original case to challenge students to think of different set of calculations and quantitative analysis from those stated in the recommended textbook. Students are expected to prepare the following budgets with detailed explanations or workings as required: Sales Budget Cash Collections schedule