Zero Based Budgeting

This video discusses zero-based budgeting.

When a company uses zero-based budgeting, this means that each expense must be justified when the company is preparing a new budget. For example, the director of the marketing department can't simply say, "well, we spent $50,000 on advertising last period, so we need to spend at least $50,000 again this period." With zero-based budgeting, the managers should scrutinize each expense and not simply allocate money based on what occurred in a prior period.
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[photoguy]

Fantastic explanation. Thank you for posting this. I’m learning it in my public admin budgeting class and this simplified it.

[waleeswaleed]

Hello sir can u make vedio about normal and abnormal loss for process costing thx in advance

[zohaib]

Sir, request you to kindly make a video on Zero based costing (ZBC). I shall be very grateful to you.