Determine the application of zero base budgeting, Managerial Accounting

Assignment Help:

Application of zero base budgeting

In the following areas ZBB may be applied:

1) redundant schemes may be discontinued

2) identify the duplicate schemes and merge them into single and useful scheme/activity

3) schemes and services with cost effective alternative may be chosen

4) maintain the same activity but with change in objective

5) Change in periodicity. Instead of yearly vehicle tax collection, life time vehicle tax has been collected in Andhra Pradesh. This reduces the administration cost.

6) Wherever benefit hiring /sub contracting option may be implemented

7) Schemes with subsidy. The subsidy may be rationalized

8) Grant in aid expenditure in respect of education sciences and technology research and development medical and health rural development etc.

9) Computerization

10) Use of ABC analysis

11) Cancellation of posts which are redundant in course of time

12) Elimination of low priority item

 


Related Discussions:- Determine the application of zero base budgeting

Linear programming, what areas can linear programming be applied in manager...

what areas can linear programming be applied in managerial accounting?

Depriciation, In 2007, the controller of the XYZ Company discovered that 20...

In 2007, the controller of the XYZ Company discovered that 2006 depreciation expense was overstated by $50,000, a material amount. Assuming an income tax rate of 40 percent, the pr

Difference between marginal costing and absorption costing, Question: A...

Question: A friend of yours is revising for his examination in management accounting and needs some help from you. He asks you the following questions. Write brief notes on eac

Invoice discounting or factoring, If a company creates sales to a number of...

If a company creates sales to a number of customers on credit terms this will have to wait for two or still three months before its debtors pay that they owe. It means that the deb

Security analysis and portfolio management, Security Analysis and Portfolio...

Security Analysis and Portfolio Management Define Capital Market Line and how is it dissimilar from Security Market Line. Describe with illustrations?

Explain the ratio analysis according to kosher, Explain the Ratio analysis ...

Explain the Ratio analysis according to kosher A ratio is the relation of the amount a to another b expressed as the ratio of a to b; a: b (a is to b) or a as simple fraction i

Controlling material flow , Controlling material flow Figure below out...

Controlling material flow Figure below outlines the progressive stages in purchasing, issuing and recording materials in a manufacturing concern. An efficient system of docume

Innovations of management accounting and control, Implementing management a...

Implementing management accounting and control innovations are often problematic. Provide a brief commentary around the key factors necessary to give such innovations the best chan

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd