New Developments In Budgeting Available to Purchase

Budgeting is used to assist in strategic planning. It is the process of allocating resources to selected activities or programmes. The search for better methods of allocating and controlling the expenditure of funds has always been very important to managers. With corporations realising decreasing revenues and governments confronted by huge deficits, budgeting is more difficult than ever. The old methods no longer are suitable for most organisations [p. 104]. This article addresses the newest forms of budgeting‐Zero‐Base Budgeting (ZBB) and Activity‐Based Budgeting (ABB).