Lecture 3- Budgeting (2)

Activity-based budgeting- An approach to that takes as the starting point, determines the necessary & then the resources that are required for the

Zero-based budgeting- An approach to in which for existing activities starts from , forcing to justify all

One benefit of activity-based budgeting is that it allows to a of their business & behaviour which can be used to improve

One drawback of activity-based budgeting is that it is & to

One benefit of zero-based budgeting is that it avoids the of & represents a move towards the of resources by or

Another benefit of zero-based budgeting is that it on

One drawback of zero-based budgeting is that it is & to implement as it is from

Another drawback of zero-based budgeting is that it requires or to accomplish, and requires in general

Beyond budgeting- A term used to describe to

One benefit of beyond budgeting is that it is a than

Another benefit of beyond budgeting is that it is a

One drawback of beyond budgeting is that there is a of a which where a is & where it wants to go

Another drawback of beyond budgeting is that a , there is no of which allows companies to , and their activities