Tag Archives: Budgeting Methods

Zero Based Budgeting

What is Zero-Based Budgeting? The idea of zero-based budgeting was introduced in the year 1960. The concept was initially used for government and business organizations. It is the budget planning procedure for the revolution of the organization’s program and expenditures. Zero based budget definition What is zero-based budgeting? In management accounting, zero-based budgeting refers to… Read More »