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Overview of zero based budgeting and things you should know
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[QUOTE="yaksalfem, post: 323993, member: 92937"] Zero based budgeting are common in non profit making organization and NGOs. The major reason Is that it doesn't factor in previous year or period expenditure activities. It is based on current period activities depending on the level of operation set to achieve in that particular period. As each expenses is justified from the scratch, the management must have a method of selecting a course of action that will be in tandem with the expected income and In which the expenses will be tailored along side the planned activities of the Year. Zero based budgeting has been proven to be useful for public sector accounting. [/QUOTE]
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Overview of zero based budgeting and things you should know
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