Define Zero Based Budgeting

ZBB is a method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from “zero base” and every function within an organization is analyzed for its needs and costs

Zero Based Budgeting (ZBB) Definition

Sana Ahmed Accounting Definitions, Cost Accounting, Managerial Accounting, Managment Accounting

Zero Based Budgeting (ZBB) Definition: A method of budgeting in which managers are required to justify all costs as if the programs involved were being proposed for the first time.