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Management Accounting_Week 11 Discussion

Management Accounting_Week 11 Discussion

Q Budgeting is a part of all companies and is something all different levels of management must deal with. Do you know what kind of budgeting your company uses (zero-based, participative, etc)? Take a moment to describe the form of budgeting your company uses (or past company).

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The budgeting form used in my past organization was zero-based budgeting. Zero-based budgeting can be regarded as the budgeting method in which there ought to be a justification of all expenses for every new period. The starting of zero-based budgeting is from the base zero. There is an analysis of every function in a firm for their costs and necessities ("Zero Based Budgeting | Meaning, Steps, Advantage, Disadvantage", 2018).