Zero-Based Budgeting (ZBB)
Zero-based budgeting is a method where every expense must be justified for each new period, starting from a zero base. Unlike traditional budgeting, it doesn’t carry forward previous budgets. ZBB helps eliminate unnecessary spending, but requires more time, detailed planning, and justification of all costs.
More Items
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…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.