Accounting Dictionary - Letter Z
is a budgeting tool where a budgeting system starts with a zero base without consideration of the prior period budget or actual results. Each time budget is formulated all activities are re-evaluated. Zero-base budgeting requires justification of all expenditures.
Don't see the term you are looking for? Try searching our entire website:
Not a member?
See why people join our
online accounting course:
online accounting course:
