Zero Based Budgeting

Overview

Approx 11 Hours To Complete Zero Based Budgeting in English Language

Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process of zero-based budgeting starts from a "zero base," and every function within an organization is analyzed for its needs and costs. The budgets are then built around what is needed for the upcoming period, regardless of whether each budget is higher or lower than the previous one.

Requirements

No prior accounting knowldge is required

Syllabus

Definition of ZBB
Difference between ZBB and traditional method of budgeting
Advantages of ZBB
Disadvantages of ZBB
Most common use of ZBB
Key steps in ZBB
Transition from traditional budget to ZBB
Final thought and closure of the course