Critically discuss the main methods for preparing budgets
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Critically discuss the main methods for preparing budgets

QUESTION FIVE

Critically discuss the main methods for preparing budgets - the incremental approach and the zero-based approach (ZBB) in modern organisations.

Hint
Accounts & FinanceZero-based budgeting (ZBB) is a methodology to help align company spending with strategic goals. Its approach requires organizations to build their annual budget from zero each year to verify all components of the annual budget are cost-effective, relevant, and drive improved savings....
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