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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
Zero-based
budgeting (ZBB) is a method of budgeting in which all expenses must be
justified for each new period. It provides a magnificent alternative that can
strip or right-size expenditures that have no plausible justification for
continued existence as the process of zero-based budgeting starts from a
"zero base," and every function within an organization is analyzed
for its needs and costs. The budgets are then built around what is needed for
the upcoming period, regardless of whether each budget is higher or lower than
the previous one.
Traditional
budgeting calls for incremental increases over
previous budgets, such as a 2% increase in spending, as opposed to a
justification of both old and new expenses, as called for with zero-based
budgeting.
Traditional
budgeting also only analyzes only new expenditures, while ZBB starts from zero
and calls for a justification of old, recurring expenses in addition to new
expenditures. Zero-based budgeting aims to put the onus on managers to justify
expenses and aims to drive value for an organization by optimizing costs and not
just revenue.
In this CPE Finance Webinar we will explore practical aspects of Zero Based
Budgeting and will cover the following key topics:
This CPE
webinar explores, discusses, and provides a budgeting solution framework that
helps organizations explore Zero-Based Budgeting (ZBB) as a technique when they
develop their Annual Financial Plan. There is a saying that states, “Give every
dollar a job.” Said another way, every dollar should seek to contribute to the
highest possible, risk-adjusted, organizational ROI.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Founder & CEO, VITTPRO
Energetic, ambitious and Result-oriented professional, offering +15 years of extensive experience in Management, operations, Finance, Audit, Risk management, marketing and Customer experience.
Manish has hands-on experience in Monthly Reporting and Pnl Analysis, Budgeting and strategic planning.
Passionate for learning and development, thinking in innovative and non-traditional ways, Manish is your business partner for growth.
Manish is experienced with leading projects for change. He has led ERP implementation for 16 hotels in Htoo Group.
Manish is focused, display positive attitude and Topline growth approach towards business problems. He believes in efficiencies and lean management.
He is also on his Entrepreneurial journey and founded https://ehotelmanagementschool.com for sharing knowledge and experience via online classes and sessions. Startup also help small hotels and other startups with finance and management consulting.
Vittpro is professional accounting and finance company for helping small business manage their accounting and finance function with ease and gain insights from data.
10 Ratings
CF
Apr 27th, 2022
The instructor wasn't super engaging and didn't provide much more information than was available on the slides. I acknowledge this course was delivered in a 1 hour webinar but I would have liked to hear more specific examples of how zero-based budgeting was used in the presenters experience.
1 Credit
Subject Area
Aug 22, 2022 | 09:00 AM EDT
Aug 22, 2022 | 10:00 AM EDT
Aug 22, 2022 | 10:00 AM EDT
Aug 22, 2022 | 10:00 AM EDT
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