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Definition of zero-base budgeting
a comprehensive budgeting process
A method of budgeting that ignores historical budgetary allocations and identifies the costs that are necessary to implement agreed strategies.
A method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing.
planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and
A method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services based on cost drivers.
A relatively new method advocated for the
a process using multiple cost drivers to predict and allocate costs to products and services;
A cost allocation system that compiles costs and assigns
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
hours, machine hours or volume of production
Methods of financing in which lenders and equity investors look principally to the
Loans granted usually by a financial institution where the asset being financed constitutes the sole security given to the lender.
an extension of activitybased costing using cost-benefit analysis (based on increased customer utility) to choose the product attribute
Related: Benchmark interest rate.
The probability of not achieving a portfolio expected return.
The reference year when constructing a price index. By tradition it is given the value 100.
the process of formalizing plans and committing
The process of choosing the firm's long-term capital assets.
Refers generally to analysis procedures for ranking
The process of ranking and selecting investment alternatives and
a process of evaluating an entity’s proposed
The series of steps one follows when justifying the decision to purchase
capital budgeting decision
Decision as to which real assets the firm should acquire.
The representing of accounting information over multiple years as percentages
a process in which there is a rolling
Life insurance or annuity product in which the cash value and benefit level fluctuate according to the performance of an equity portfolio.
See money base.
Composed of currency and coins outside the banking system plus liabilities to the deposit money banks.
Cash plus deposits of the commercial banks with the central bank.
Planning, programming and budgeting system (PPBS)
A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres.
A budget that allocates funds in line with strategies.
an approach to budgeting that relates
A variety of approaches that emphasize increasing shareholder value as the primary goal of every business.
Regional bank account to which just enough funds are transferred daily to pay each day’s bills.
Zero-balance account (ZBA)
A checking account in which zero balance is maintained by transfers of funds
A portfolio constructed to represent the risk-free asset, that is, having a beta of zero.
Zero coupon bond
Such a debt security pays an investor no interest. It is sold at a discount to its face price
A bond in which no periodic coupon is paid over the life of the contract. Instead, both the
A security that makes no interest payments; it is sold at a discount
See discount bond.
Zero-coupon bond, or Zero
A bond that, instead of carrying a coupon, is sold
Zero curve, zero-coupon yield curve
A yield curve for zero-coupon bonds;
A portfolio of zero net value established by buying and shorting component
Zero-one integer programming
An analytical method that can be used to determine the solution to a capital
assumption The assumption of payment of scheduled principal and interest with no payments.
A type of game wherein one player can gain only at the expense of another player.
Related: tick-test rules.
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