Steps in Zero Based Budgeting (ZBB)

Steps in Zero Based Budgeting

Zero-based budgeting (ZBB) is a management tool for controlling the costs in an organization. It is a budgeting method where the organization prepares the… Read Article

Zero Based Vs. Traditional Budgeting

Zero-Based budgeting and traditional budgeting are the two predominantly used budgeting techniques. These techniques help the companies to allocate capital to different departments. These… Read Article
Variance Analysis

Variance Analysis

Variance Analysis deals with an analysis of deviations in the budgeted and actual financial performance of a company. The causes of the difference between… Read Article
Limitations of Budgeting

Limitations of Budgeting

Budgeting is an important exercise that is followed in almost all organizations. Although budgeting has a lot of advantages, it has a few limitations,… Read Article