There 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 must [...]

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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