Difference between revisions of "Zero-based budgeting"
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According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
:[[Zero-based budgeting]]. A budgeting approach in which managers begin with a budget of zero and must justify every dollar put into the budget. | :[[Zero-based budgeting]]. A budgeting approach in which managers begin with a budget of zero and must justify every dollar put into the budget. | ||
| + | According to the [[HRBoK Guide]], | ||
| + | :[[Zero-based budgeting]]. An approach to financial planning and decision making. A budgeting process that requires that every budget item is approved instead of only budget changes being approved. No reference is made to previous budget expenditures. | ||
| − | [[Category: Accounting]][[Category:Articles]] | + | |
| + | [[Category: Accounting]][[Category:Articles]][[Category: Management]] | ||
Latest revision as of 20:04, 21 July 2020
Zero-based budgeting is a budgeting approach in which managers begin with a budget of zero and must justify every dollar put into the budget.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Zero-based budgeting. A budgeting approach in which managers begin with a budget of zero and must justify every dollar put into the budget.
According to the HRBoK Guide,
- Zero-based budgeting. An approach to financial planning and decision making. A budgeting process that requires that every budget item is approved instead of only budget changes being approved. No reference is made to previous budget expenditures.
