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What is Zero Budgeting? And What about it`s importance?

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تم إضافة السؤال من قبل Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group
تاريخ النشر: 2015/01/13
Aly Farouk Zamzam, (CMA)
من قبل Aly Farouk Zamzam, (CMA) , Accounting Manager , F.M.S Trading

Zero budgeting is preparing the budget as if it is the first time for the company to adopt the budgeting process, for that issue each activity (budget content) will be a subject for analysis, measurement, forecast without considering any reference from prior period.

Tamer Elbeshbishy
من قبل Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

Yes, Thank you and Zero Budgeting is a one of the advanced methods are being used in the developing of the budget even with an old historical company.  Therefore, every items will start with value equal to ZERO until clarifying why it should has a value. And how much.

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