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.

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July 17th,2006 | Tags:Budgeting Techniques; | Category:Budgeting,MANAGERIAL ACCOUNTING | Leave a comment