The Various Types Of Budgeting Process/Techniques/Systems (Part 1)
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 [...]
July 17, 2006
Tags: Budgeting Techniques; Posted in: Budgeting, MANAGERIAL ACCOUNTING 
No Comments
