Zero Balance Account (ZBA)
A zero balance account is a type of bank account used by businesses to optimise cash management. Funds are automatically transferred to or from a master account to maintain a zero balance. It helps centralise liquidity, prevent idle funds, and simplify daily reconciliation.
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Zero Defect Accounting
Zero defect accounting applies quality management principles to financial reporting, aiming for error-free entries and reconciliation. It focuses on preventive…
Zonal Costing
Zonal costing involves calculating and comparing costs incurred across different operational zones or branches of a company. It assists management…
Z-Trend Analysis
Z-trend analysis uses statistical standardisation (z-scores) to identify deviations from normal performance in financial data. It helps accountants and auditors…
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