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Archive for the 'Budgeting' Category
A Discussion Of Various Type Of Budgeting: Zero-Based Budgeting (Part 2)
2 CommentsIn this part of the article, we shall discussed not the traditional type of budgeting but rather look at other alternatives and contemporary type of budgeting.
One of these alternatives is the Zero-based budgeting.
Introduction to Zero-based budgeting:
Zero based budgeting is not at all new. It was started in government budgeting in Great Britain and in 1962, […]
A Discussion On The Various Types of Budgeting (Part 1)
2 CommentsThere are many budgeting models. We have the following:
Traditional budgeting;
Zero Based budgeting;
Output Based budgeting;
Incremental Budgeting;
Formula based budgeting;
Program budgeting;
Responsibility Centered Budgeting
Moving forward, there have been some who advocated WITHOUT budgeting as budgeting takes too much time and utilized too much manpower hence forecasting is a better answer.
However whatever budgeting model it is to be successful, we […]
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