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Zero Based Budget

Zero Based Budget

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Published by rajbhu01

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Categories:Types, School Work
Published by: rajbhu01 on Mar 14, 2010
Copyright:Attribution Non-commercial

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10/09/2013

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Presented by:-Anusha HospeteRajat KhannaAnubhav SharmaSahil Chopra
 
Definitions
Method for preparing cash flow budgets and operatingplans which every year must start from scratch with nopre-authorised funds
Budgets which are developed from zero base ie at thebeginning of budget process, all budget accountsvalues are zero.
 
 Technique of planning and decisionmaking which reverse the process of traditional budgeting.
Every department function is reviewedcomprehensively.
All expenditure must be approved
Enhance the financial productivity of resources
Eliminate wasteful expenditure

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