As organisations confront a more dynamic world, the traditional budgeting process is increasingly criticised as obsolete. But what if your business is still not ready to abandon traditional budgeting completely? Zero-Based Budgeting (ZBB) can act as a stepping stone to a more modern budgeting process.
The Digital Middle Eastern FP&A Board will be held on the 15th of November at 5:00 PM GST to discuss how to successfully implement ZBB.
The Digital Pan-Asian FP&A Board will be held on 21 October at 5:30 PM SGT to discuss how to successfully implement ZBB.
FP&A Trends Group held another global webinar with over 430 participants joining from around the globe to discuss zero-based budgeting’s next evolution, zero-based financial planning & analysis (FP&A).
In the current changing environment, Zero-Based Budgeting (ZBB) transforms into a wider framework of Zero-Based FP&A. This is a concept in which ZBB principles are applied to not only expenses but also to other areas of the FP&A process.
This is the summary article in a series of eight articles about the Operational Budget (OB) and its associated Operational Income Statement (OIS). These articles have described the significant enhancements the OB and OIS provide to the traditional budget and related financial processes and techniques.