what is zero base budgeting

Answers were Sorted based on User's Feedback



what is zero base budgeting..

Answer / badari

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 ?    31 Yes 3 No

what is zero base budgeting..

Answer / govind

In zbb the budget is made from the scratch, as estimated in case of a new venture. This enables the managers in carrying the cost benefit analysis of individual activities of their respective decision units. This helps in neutralizing the discrepancies in normal budgeting process where sometimes a particular inaccuracy in a previous year’s budget is carried to the next year without evaluating its contribution to performance of the organization.

Is This Answer Correct ?    3 Yes 1 No

what is zero base budgeting..

Answer / rajesh

Zero Base Budgeting is Where no Profit & No Loss

Is This Answer Correct ?    20 Yes 20 No

what is zero base budgeting..

Answer / priya

it is a mgt tool which provide for systematic method for
evaluating all operation & programmes which allows for
budget reducation reducation and expansion in a rational
manner & allows reallocation of sources from low to high
priority programs

Is This Answer Correct ?    0 Yes 3 No

Post New Answer

More Accounting AllOther Interview Questions

what is leverage?how many types of leverages are there and explain

3 Answers   Capital IQ,


fill in the Blanks Working Capital is current Assets__________________

3 Answers  


what is absorbtion coasting?

0 Answers   Capital IQ,


EXPAND_________VTPS

2 Answers  


rtgs

3 Answers  






what is difference between nominal and real account ?

3 Answers  


expand I C W A I

2 Answers  


EXPAND___________JPC

1 Answers  


Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??

1 Answers  


After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

0 Answers  


What is dishonor check?

4 Answers  


Expand ________ECE

1 Answers  


Categories