why is budgeting important?

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
Participative Budgeting

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
Traditional Budgeting

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

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 budgeting VS activity based budgeting

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 (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
Zero Based Budgeting vs Incremental Budgeting

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