Zero Based Budgeting (ZBB): Learning Objective of the article: Define and explain the term “zero based budgeting” and “incremental budgeting” in managerial accounting. Explain the importance and use of zero based budgeting in business. What are advantages and disadvantages of zero based budgeting? Contents:
advantages of Zero Based Budgeting
Zero-based budgeting is an method to planning and decision-making which turns the traditional budgeting working process .