Answer / rahul gupta

Zero-based budgeting is a technique of planning and
decision-making which reverses the working process of
traditional budgeting. In traditional incremental budgeting,
departmental managers justify only increases over the
previous year budget and what has been already spent is
automatically sanctioned. No reference is made to the
previous level of expenditure. By contrast, in zero-based
budgeting, every department function is reviewed
comprehensively and all expenditures must be approved,
rather than only increases. Zero-based budgeting requires
the budget request be justified in complete detail by each
division manager starting from the zero-base. The zero-base
is indifferent to whether the total budget is increasing or
decreasing.

Answer / devendar.edla

it is one type of budget which starts from scratch zero

Answer / antra

A method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from a "zero base" and every function within an organization is analyzed for its needs and costs. Budgets are then built around what is needed for the upcoming period, regardless of whether the budget is higher or lower than the previous one.

Because of its detail-oriented nature, zero-based budgeting may be a rolling process done over several years, with only a few functional areas reviewed at a time by managers or group leadership.

Zero-based budgeting can lower costs by avoiding blanket increases or decreases to a prior period's budget. It is, however, a time-consuming process that takes much longer than traditional, cost-based budgeting.

Answer / sriram

it is one type of budget which starts from zero

Answer / alka jharbade

The base is taken as zero in the financial year. This is
also known as traditional budget.

please send me some previous sbi clerical interview questions to my email id....

0 Answers  

what do mean by drawing?

7 Answers  

Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

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what is the difference between secured loan and unsecured loan. please explain

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state wheather the following statements are true or false i, the issue of shares ata discount must be authorized by a special resolution of company. ii, operating or finance lease comes under provision of as- 13 iii, at the end of the accounting period the balance of "goods sent to branch account" is transfered to trading acount iv, for life business premium is to be recognized on receipt basis v, a banking cannot grant any loans on securities of its own shares

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What you mean by Accruals

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what is IFRS ?Brifely explain.

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What is operating profit ? how is it different from Gross profit ?

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Expand A F C

1 Answers