Zero Based Budgeting (ZBB) Definition:

A method of budgeting in which managers are required to justify all costs as if the programs involved were being proposed for the first time.

Other Related Accounting Articles:

• Middle Managers Definition
• First Line Managers Definition
• Definition and explanation of cash flow statement
• Budgeting Accounting
• High-Low Method
• Contribution of Cost Accounting to Management
• Management Definition
• Screening Decision Definition
• Retainer Fee Approach Definition
• Importance of Variance Analysis