Why is Budgeting Important?
Budgeting is the projection of income and expenditures that one expects an organization to earn and incur over a given period of time, usually… Read Article
Budgeting Methods
Participative Budgeting
What is Participative Budgeting?Participative budgeting is a method of budgeting wherein both the people who implement the budget and who will be affected by… Read Article
Top-down Budgeting – Process, Advantages And Disadvantages
Top-down budgeting is a crucial method of preparing a budget for an organization or a company. Under this method, the senior management prepares a… Read Article
Advantages and Disadvantages of Incremental Budgeting
Incremental budgeting is an important part of management accounting based on the premise of making a small change to the existing budget to arrive… Read Article
Advantages and Disadvantages of Zero Based Budgeting
Zero-based budgeting is a method of budgeting wherein no base is considered in the preparation of the budget. Having learned zero-based budgeting in the… Read Article
Traditional Budgeting
Meaning of Traditional BudgetingTraditional budgeting is a method of preparing the budget in which last year’s budget is taken as the base. The current… Read Article
Activity Based Budgeting
Activity-based budgeting is a budgeting method that uses activity-based costing while preparing budgets. In simple words, activity-based budgeting is a management accounting tool that… Read Article
Zero Based Vs. Activity Based Budgeting
Zero Based Budgeting and Activity-Based Budgeting are the most popular budgeting methods. The selection of preferred budgeting method depends on the functioning and suitability… Read Article
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
Zero Based Vs. Incremental Budgeting
Zero-based budgeting and Incremental budgeting are the two most commonly used methods of budgeting that most companies implement. Both the methods are unique and… Read Article