why is budgeting important?

Why is Budgeting important?

What is the Meaning of Budgeting?Budgeting is the projection of income and expenditures that one expects an institution to earn and incur over a… 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 in which budgets are prepared using Activity Based Costing after considering the overhead costs. In simple words,… 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