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Financial Terms | |
Zero-based budgeting |
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Definition of Zero-based budgetingZero-based budgetingA method of budgeting that ignores historical budgetary allocations and identifies the costs that are necessary to implement agreed strategies.
Related Terms:Activity-based budgetingA method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing. activity-based budgeting (ABB)planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and Activity-based costingA 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. activity based costing (ABC)A relatively new method advocated for the activity-based costing (ABC)a process using multiple cost drivers to predict and allocate costs to products and services; Activity-based costing (ABC)A cost allocation system that compiles costs and assigns activity-based management (ABM)a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received ![]() Asset-based financingMethods of financing in which lenders and equity investors look principally to the Asset-Based FinancingLoans granted usually by a financial institution where the asset being financed constitutes the sole security given to the lender. attribute-based costing (ABC II)an extension of activitybased costing using cost-benefit analysis (based on increased customer utility) to choose the product attribute budgetingthe process of formalizing plans and committing Capital budgetingThe process of choosing the firm's long-term capital assets. capital budgetingRefers generally to analysis procedures for ranking Capital BudgetingThe process of ranking and selecting investment alternatives and capital budgetinga process of evaluating an entity’s proposed Capital budgetingThe series of steps one follows when justifying the decision to purchase ![]() capital budgeting decisionDecision as to which real assets the firm should acquire. continuous budgetinga process in which there is a rolling Equity-based insuranceLife insurance or annuity product in which the cash value and benefit level fluctuate according to the performance of an equity portfolio. Planning, programming and budgeting system (PPBS)A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres. Priority-based budgetA budget that allocates funds in line with strategies. program budgetingan approach to budgeting that relates Value-based managementA variety of approaches that emphasize increasing shareholder value as the primary goal of every business. zero-balance accountRegional 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 zero-base budgetinga comprehensive budgeting process Zero-beta portfolioA portfolio constructed to represent the risk-free asset, that is, having a beta of zero. Zero coupon bondSuch a debt security pays an investor no interest. It is sold at a discount to its face price Zero-coupon bondA bond in which no periodic coupon is paid over the life of the contract. Instead, both the Zero-coupon BondA security that makes no interest payments; it is sold at a discount Zero-Coupon BondSee discount bond. Zero-coupon bond, or ZeroA bond that, instead of carrying a coupon, is sold Zero curve, zero-coupon yield curveA yield curve for zero-coupon bonds; Zero-investment portfolioA portfolio of zero net value established by buying and shorting component Zero-one integer programmingAn analytical method that can be used to determine the solution to a capital Zero prepaymentassumption The assumption of payment of scheduled principal and interest with no payments. Zero-sum gameA type of game wherein one player can gain only at the expense of another player. Zero uptickRelated: tick-test rules. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |