zero-base budget

= ZBB
A cash-flow budget in which the manager responsible for its preparation is required to prepare and justify the budgeted expenditure from a zero base, i.e. assuming that initially there is no commitment to spend on any activity.

Accounting dictionary. 2014.

Look at other dictionaries:

  • zero-base budget — ZBB A cash flow budget in which the manager responsible for its preparation is required to prepare and justify the budgeted expenditure from a zero base, i. e. assuming that initially there is no commitment to spend on any activity …   Big dictionary of business and management

  • zero-base — ☆ zero base [zir′ōbās΄, zē′rōbās΄ ] adj. [from the idea of starting at zero] designating or of a technique for preparing a budget, in which each proposed item is evaluated on its merits without considering any previous budget: also zero based …   English World dictionary

  • Zero Base Budgeting — Das Zero Base Budgeting bzw. Nullbasisbudgetierung ist eine Analyse und Planungsmethode, die beim Kostenmanagement innerhalb des Controlling eingesetzt wird. Die Idee dieser Methode besteht darin, das Budget nicht ausgehend vom aktuellen Budget… …   Deutsch Wikipedia

  • Zero-Base-Budgeting — Das Zero Base Budgeting bzw. Nullbasisbudgetierung ist eine Analyse und Planungsmethode, die beim Kostenmanagement innerhalb des Controlling eingesetzt wird. Die Idee dieser Methode besteht darin, das Budget nicht ausgehend vom aktuellen Budget… …   Deutsch Wikipedia

  • zero-base budgeting — a process in government and corporate finance of justifying an overall budget or individual budgeted items each fiscal year or each review period rather than dealing only with proposed changes from a previous budget. Abbr.: ZBB. Also, zero based… …   Useful english dictionary

  • zero-base budgeting — a process in government and corporate finance of justifying an overall budget or individual budgeted items each fiscal year or each review period rather than dealing only with proposed changes from a previous budget. Abbr.: ZBB. Also, zero based… …   Universalium

  • zero-base budgeting — ( ZBB) budgeting method that disregards the previous year s budget in setting a new budget, since circumstances may have changed. Each and every expense must be justified in this system. Bloomberg Financial Dictionary …   Financial and business terms

  • Zero-based budgeting — is a technique of planning and decision making which reverses the working process of traditional budgeting. In traditional incremental budgeting, departmental managers justify only increases over the previous year budget and what has been already …   Wikipedia

  • zero-based budgeting — zero base budgeting or zero based budgeting noun A system in which the budget of an organization, department, etc is drawn up anew each year without reference to any previous budget • • • Main Entry: ↑zero …   Useful english dictionary

  • Zero-Based Budgeting - ZBB — A method of budgeting in which all expenses must be justified for each new period. Zero based budgeting starts from a zero base and every function within an organization is analyzed for its needs and costs. Budgets are then built around what is… …   Investment dictionary

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