zero-based budget

zero-based budget
A budget developed disregarding the expenses or costs of the prior year, requiring explicit justification for all expenditures.
See Also: zero-based review

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  • 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

  • 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 — 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

  • Budget — For the rental car company, see Budget Rent a Car. For the car insurance company Budget, see Budget Group of Companies. A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan… …   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… …   Universalium

  • Budget of the European Union — European Union This article is part of the series: Politics and government of the European Union …   Wikipedia

  • Zero Day (film) — Infobox Film name = Zero Day caption = Zero Day film poster director = Ben Coccio writer = Ben Coccio Christopher Coccio starring = Andre Keuck Cal Robertson producer = Ben Coccio distributor= Avatar Films budget = $20 000 (estimated) released= 3 …   Wikipedia

  • Zero-energy building — BedZED zero energy housing in the UK A zero energy building, also known as a zero net energy (ZNE) building, Net Zero Energy Building (NZEB), or Net Zero Building, is a popular term to describe a building with zero net energy consumption and zero …   Wikipedia

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