Cost accounting and Management accounting both have the same objectives of helping the management in planning, control and decision making. Both are internal to the organisation and use common tools …
Zero Base Budgeting Zero base budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from a “zero base” and …
What is Budget: A formal statement of the financial resources set aside for carrying out specific activities in a given period of time. A budget is prepared for the effective utilization of …
The following are the main difference between fixed and flexible budget Difference between Fixed Budget and Flexible Budget Fixed Budget Flexible Budget Fixed budget is inflexible and does not change with the …
Budgeting and Forecasting are two important constituents of managerial decision making process and refer to the anticipated actions and events in a specified future period but still there are wide …