Chapter 23: Budgeting & Budgeting Control

Cards (3)

  • Incremental Budgeting

    is a budgeting method where the budget for the next period is based on the actual figures of the current performance, with adjustments up or down for expected change.
  • Zero Budgeting
    is a budgeting method where it starts from scratch - "zero". No historical budgets are used.
  • Cash Budget
    how much money will be flowing in and out of the bank account