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WHAT IS Z.B.B. ZERO BASED BUDGET?
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Answer / abdulhabeeburrahman
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.
| Is This Answer Correct ? | 24 Yes | 3 No |
Answer / maheswari.m
A method of budgeting in which all expenses must be
justified for aeach new period.Z.B.B. starts from a zero
base and every function with in an organisation is analysed
for its needs and costs.Z.B.B. allows top level strategic
goals to be implemented into the budgeting process by tying
them to specific functional areas of the organisation.where
costs can be first grouped,then measured against previous
results and current expectations.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / m a rasheeda
ZBB requires the budget request 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.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / sanjeev_velpuri
Z.B.B is a method of producing a budget which ignores what
has happened in the past. Instead, each element of the
budget is built up from a new set of assumptions.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / rajam
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.[1] 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.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / raju
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
| Is This Answer Correct ? | 2 Yes | 0 No |
It is a management tool which provides a systematic method
for evaluating all operations and programmers, current of
new allows for budget reductions and expansions in a
rational manner and allows reallocation of source from low
to high priority programs.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / lucky
preparing budget with out taking any past experience,is ZBB
it is starting from the streacth,and it has no base of any
other and more over it is compleatly individual.
Plz make u r correction if it has anything wrong.
TQ
Urs Lucky.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / hema
a zbb is a method of budjeting in which ignore the past
mistakes of budgeting and start a refresh budget which is
start from zero and justify each new expences in a new period
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / harshal m. janbandhu
zero based budgeting is the method is techniques of planning
and decision making.we forgot(ignore) our past mistakes of budgeting .we look that particular subject in new view and start from zero.
| Is This Answer Correct ? | 1 Yes | 0 No |
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