Posted: March 27th, 2017

What is a zero based budget and when might it be helpful?

A master budget is a detailed and comprehensive analysis of an organization s long and short term goals.
Identify the major inputs (types of supporting budgets) to the master budget and the usefulness of each.

What is a zero based budget and when might it be helpful?
Differentiate between a flexible and a static budget.
Under what circumstances might you use one or the other?
Which budget might be the first one a company needs to prepare?
Maximum 1,000 words;
reference for citations/quotes required where appropriate