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define zero bases budgeting according to cimaaccording to cima zbb is a method of budgeting whereby all activities are re evaluated each time a
what are the features of zero base budgeting1 manager of a decision unit has to completely justify why there should be at all any budget allotment
incremental budgetingincremental budgeting uses a budget prepared using a last period budget or actual performance as a base with incremental amount
advantages of incremental budgetinga the budget is stable and change is gradualb managers can operate their departments on a steady basisc the system
disadvantages of incremental budgetinga incremental budgeting suppose activities and method of working will continue in the same wayb no incentive
q advantages of weighted-averageweighted-average advantages because of the averaging process the effects of year-end buying or not buying is lessened
traditional budgeting vs zero base budgeting1 traditional budgeting is accounting oriented main stress happens to be on previous level of expenditure
q advantages and disadvantages of lifolifo advantages a lifo reports both sales revenue and cost of goods sold in current dollars and b lower income
q advantages and disadvantages of fifofifo advantages a fifo is easy to apply b the assumed flow of costs habitually corresponds with the normal
explain ranking of decision packages - zero base budgetingranking of decision packages by ranking the decision packages a company will be able to
q explain weighted-average inventoryweighted-average ensuing inventory is priced using a weighted-average unit cost in perpetual inventory procedure
q last-in first-out inventorylifo last-in first-out ending inventory contains of the oldest costs lifo presumes that the costs of the most recent
identification of decision packages - zero base budgetingeach manager should break down his decision unit into smaller decision packages top manager
q first-in first-out inventoryfifo first-in first-out ending inventory contains of the most recent purchases fifo presumes that the costs of the
explain decision unit - zero base budgetingdecision units an organization is divided among decision units the manager of the decision unit justifies
q learning objectives of inventory turnover ratio- net income for an accounting period depends straight on the valuation of ending inventory- if the
categories of zero base budgeting the preceding discussion will reveal that zero base budgeting is based primarily on1 development of decision units2
introduction of zero base budgetingsteps involved in the introduction of zero base budgeting1 corporate objectives should be established and laid
application of zero base budgetingin the following areas zbb may be applied1 redundant schemes may be discontinued2 identify the duplicate schemes
q explain inventory turnover ratioan important ratio for managers investors and creditors to consider when analyzing a companys inventory is the
advantages of zero base budgeting1 it provides a basis for evaluating decision packages on the basis of benefit considerations2 it reduces
terry dorsey started dorsey hardware a tiny hardware store two years ago and has struggled to make it successful the first year of operations
disadvantages of zero base budgeting1 it is not suitable for all the activities in an organization2 it has limited application in a profit making
definition of cost reductioncost reduction is planned positive approach to reducing expenditure cost reduction exercises are planned campaigns to cut
normal 0 false false false en-in x-none x-none microsoftinternetexplorer4 what is the meaning cost reduction now a day